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On January 1, the Bentley Company issued $320,000 of 6%, 6-year bonds when the market...

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Accounting

On January 1, the Bentley Company issued $320,000 of 6%, 6-year bonds when the market rate of interest was 8%. The bonds pay interest semiannually on June 30 and December 31. How much are the proceeds that Bentley will receive from the bond issue date? Select one: a. $351,853 b. $290,414 c. $289,968 d. $293,572

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