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  3. 3. abc company will issue $5,000,000 in 6%, 10-yea

3. ABC Company will issue $5,000,000 in 6%, 10-year bonds when the market rate of...

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Accounting

3. ABC Company will issue $5,000,000 in 6%, 10-year bonds when the market rate of interest is 8%. Interest is paid semiannually.

Required: Determine how much cash ABC Company will realize from the bond issue.

4. DEF Company will issue $2,000,000 in 10%, 10-year bonds when the market rate of interest is 12%. Interest is paid semiannually.

Required: Determine how much cash DEF Company should realize from the bond issue.

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