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On March 1, Year 1, Six Sisters Corp. issued $50,000, 6%, 10-year bonds payable at 98 plus accrued interest. The bonds are authorized February 1,

  1. On March 1, Year 1, Six Sisters Corp. issued $50,000, 6%, 10-year bonds payable at 98 plus accrued interest. The bonds are authorized February 1, Year 1, and mature on February 1, Year 11. The bonds pay cash interest semiannually on February 1 and August 1.

    Calculate the selling price of the bonds (including interest).

    a.

    $49,000

    b.

    $50,250

    c.

    $50,500

    d.

    $49,250

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