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On January 1, 2025, Sheridan Co. issued ten-year bonds with a face value of $6,125,000 and a stated interest rate of 10%, payable semiannually on
On January 1, 2025, Sheridan Co. issued ten-year bonds with a face value of $6,125,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are: Calculate the issue price of the bonds. (Round final answer to Odeclmal places, es. 25,000.) Issue price of bond
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