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On January 1, 2007, Becker Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on

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On January 1, 2007, Becker Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. The issue price of the bonds is Select one: O a. $889,560 o b. $886,820 O c. $883,560 od. $999,600

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