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On January 1,2024, Wildhorse issued $5,600,000,10% bonds. Interest is payable semi-annually on June...

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Accounting

On January 1,2024, Wildhorse issued $5,600,000,10% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January 1,2034. The bonds are sold to yield 12%.
Click here to view factor table.
(a)
Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g.2.55555 and final answer to 0 decimal places, e.g.25,000.)
Issue price of bond $
Attempts: 0 of 1 used
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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