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On June 30, 2021, the market interest rate is 6%. First Base Corporation issues $600,000 of 11%,15-year bonds payable. The bonds pay interest on June

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On June 30, 2021, the market interest rate is 6%. First Base Corporation issues $600,000 of 11%,15-year bonds payable. The bonds pay interest on June 30 and December 31 , The company amorlizes bond premium using the effective-interest method. Read the temirements Requirement 1. Use the PV function in Excel to calculate the ssup pricg of the bonds. (Round your answer to the nearest whole dollar) The istue price of the bonds is

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