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On January 1, 2017, Sharpsburg, Inc. issued $400,000, ten-year, 10% bonds for $354,200. The bonds pay interest on June 30 and December 31 . The

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On January 1, 2017, Sharpsburg, Inc. issued $400,000, ten-year, 10% bonds for $354,200. The bonds pay interest on June 30 and December 31 . The market rate is 12%. What is the carrying value of the bonds after the first interest payment is made on June 30,2017? a. $352,960 b. $355,452 c. $400,000 d. $354,200

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