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Mystery Company issues 8-year bonds with a face value of $25,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually

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Mystery Company issues 8-year bonds with a face value of $25,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The market rate of interest on the date of issue is 8%. How much CASH will the company receive when they issue the bonds? $25,000,000 $17,816,701 $22,126,681 $22,086,926

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