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Akers Company sold bonds on July 1 2014 with a face value of $100000 These bonds are due in 10 years The stated annual interest rate is 6% per year payable semiannually on June 30 and December

Akers Company sold bonds on July 1, 2014, with a face value of $100,000. These bonds are due in 10 years. The stated annual interest rate is 6% per year, payable semiannually on June 30 and December 31. These bonds were sold to yield 8%.

Required:

How much did these bonds sell for on July 1, 2014?

Apr 24 2020 View more View Less

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