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on october 1, 2023, eastern timber inc. has available for issue $860,000 bonds due in...

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Accounting

on october 1, 2023, eastern timber inc. has available for issue $860,000 bonds due in four years. interest at the rate of 6.00% is to be paid quarterly. calculate the issue price if the market interest rate is: (do not round intermediate calculations. round the final answers to the nearest whole dollar.) a] 7% b] 6% c] 5%

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