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On January 1, 2022, a corporation issued $500,000, 8%, 10 year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market
On January 1, 2022, a corporation issued $500,000, 8%, 10 year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 10%. Determine the selling price of the bond. Answer choices: A) $475,000 B) $539,550 C) $500,050 D) $499,800 E) $437,740 
On January 1,2022 , a corporation issued $500,000,8%,10 year bonds. The bonds pay interest semi-annually on June 30 and December 31 . The market rate of interest is 10%. Determine the selling price of the bond. $475,000 $539.550 $500,050 $499,800 $437,740
Answer choices:
A) $475,000
B) $539,550
C) $500,050
D) $499,800
E) $437,740
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
