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On January 1, Talitech, Inc. issued a 20-year semiannual bond with a...

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Accounting

On January 1, Talitech, Inc. issued a 20-year semiannual bond with a face value of $395,000 that pays 4.5% interest. On the date of issue, the market for similar bonds was 6.0%. How much was Talitech able to raise from issuing this bond?

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