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On Jan 1, 2019, Benson Company issues $100,000 of eight-year bonds when the market rate was 3%. The annual interest was $4,000. What is the
On Jan 1, 2019, Benson Company issues $100,000 of eight-year bonds when the market rate was 3%. The annual interest was $4,000. What is the carrying calue value of the bonds after the interest payment on Dec. 31, 2020
a. 100,000
b. 107,020
c. 105,417
d. 106,230
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