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On January 1, Belle Company issues $1,000,000, 5-year, 12% bonds at 95 with interest payable on January 1. The carrying value of the bonds at

On January 1, Belle Company issues $1,000,000, 5-year, 12% bonds at 95 with interest payable on January 1. The carrying value of the bonds at the end of the second interest period is: a. $930,000 b. $960,000 C. $950,000 d. $970,000

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