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Maxwell Manufacturing issued $480,000, 12-year, 8% bonds at 107.00. What is the issue price of these bonds? Multiple Choice $518,400 $513,600 $446,400 $480,000

Maxwell Manufacturing issued $480,000, 12-year, 8% bonds at 107.00.

What is the issue price of these bonds?

Multiple Choice

$518,400

$513,600

$446,400

$480,000

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