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When the market rate of interest was 11%, Christopher Corporation issued $100,000 of five-year, 12% bonds that pay interest semiannually. The selling price of this

When the market rate of interest was 11%, Christopher Corporation issued $100,000 of five-year, 12% bonds that pay interest semiannually. The selling price of this bond issue was

a.$130,016.

b.$103,769.

c.$129,214.

d.$100,000.

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