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On January 1,2019 , Jason Company issued $5 million of 10 -year bonds at a 10% coupon interest rate to be paid annually. The following

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On January 1,2019 , Jason Company issued $5 million of 10 -year bonds at a 10% coupon interest rate to be paid annually. The following present value factors have been provided: Calculate the issuance price if the market rate of interest is 12%. Multiple Choice $4,427,500. $4,477,500. $4,435,000. $5,000,000

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