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On January 1, 2017. Oliver Companyissued $6 milion of 5 year bonds at a 7% stated interest rate to be paid annually. Oliver Company issued

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On January 1, 2017. Oliver Companyissued $6 milion of 5 year bonds at a 7% stated interest rate to be paid annually. Oliver Company issued the bonds for $5.763.060 since the market rate of interest was 8%. What is the carrving value of the bond that Oliver Company would report on its December 31, 2017 balance sheet? (round to the nearest dollar)

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