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ABC Company will issue $6,800,000 in 8%, 10-year bonds when the market rate of interest...

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Accounting

ABC Company will issue $6,800,000 in 8%, 10-year bonds when the market rate of interest is 10%. 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.)

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