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$5,962,352 is INCORRECT! Problem 6-104 ABC Company will issue $6,900,000 in 6%, 10-year bonds...

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Accounting

image$5,962,352 is INCORRECT!

Problem 6-104 ABC Company will issue $6,900,000 in 6%, 10-year bonds when the market rate of interest is 8%. Interest is paid semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)(Use appropriate factor(s) from the tables provided.) Required Determine how much cash ABC Company will realize from the bond issue. (Round your final answer to nearest whole dollar.) Bond issue price $ 5,962,352

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