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On January 1,2017 , Oliver Company issued $6 million of 5 year bonds at a 7% stated interest rate to be paid annually. Oliver Company
On January 1,2017 , Oliver Company issued $6 million 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 carrying value of the bond that Oliver Company would report on its December 31,2017 balance sheet? (round to the nearest dollar) $5,779,646$5,806,345$5,810,448$5,807,388$5,804,105
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