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  3. texxon corporation issued $500,000 of 8%, 10-year

Texxon Corporation issued $500,000 of 8%, 10-year bonds. Interest is paid semiannually. Assume that the...

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Accounting

Texxon Corporation issued $500,000 of 8%, 10-year bonds. Interest is paid semiannually. Assume that the market rate for similar investments is 6 percent.

  1. What is the carrying value of the bonds after the first semi-annual interest payment date?

a. $571,776.20

b. $572,676.50

c. $570,813.00

d. $573,049.20

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