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Orchid Co. issued 8% bonds with a face value of $300,000 on October 1st,2020. The bonds pay interest quarterly and matures in 2 years. The
Orchid Co. issued 8% bonds with a face value of $300,000 on October 1st,2020. The bonds pay interest quarterly and matures in 2 years. The market rate at time of issuance is 12%. What is the carrying value of the bond at year ended December 31st,2020 ? If necessary, round your answer to the nearest dollar
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