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A company issues 7% bonds with a par value of $230,000 at par on January...

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Accounting

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A company issues 7% bonds with a par value of $230,000 at par on January 1. The market rate on the date of issuance was 6% The bonds pay interest semiannually on January 1 and July 1 . The cash paid on July 1 to the bondholder(s) is: Multiple Choice $16,100 $13,800 $8,050

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