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VII. Rogers, Inc. sold a 5-year, $100,000 bond with a stated rate of 6% with interest payable semi- annually. The market rate is 8%. [25

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VII. Rogers, Inc. sold a 5-year, $100,000 bond with a stated rate of 6% with interest payable semi- annually. The market rate is 8%. [25 Points] a. What is the price of the bond? b. Using the straight-line method of amortization, what is the carrying value of the bond at the end of period 3

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