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Keller Company Issued $1,000,000, 8%, 7 Year Bonds with Interest

Question 121

Multiple Choice

Keller Company issued $1,000,000, 8%, 7 year bonds with interest payable semiannually when the yield rate was 8%. The bonds issued at

A) $887,037.
B) $1,000,000.
C) $1,112,963.
D) This question cannot be answered without the time value of money tables.

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