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Question 4 1 pts Joe Mama issued ten year bonds with a face value of $300,000 on January 1, 2020. The bonds have a face

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Question 4 1 pts Joe Mama issued ten year bonds with a face value of $300,000 on January 1, 2020. The bonds have a face rate of 6% and were initially issued at $304,000. Assuming that any premium or discount is amortized on a straight-line basis, what amount should Joe Mama pay to retire the bonds 8 years after the date of issue, if there is no gain or loss. (Hint: Compute the Book Value of the bond at the time of retirement.) $300,800 $296,000 $300,000 $300,400 $302.000

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