Question: A company issues 9%, 9-year bonds with a face amount of $80,000 for $75,323 on January 1, 2021. The market interest rate for bonds of

A company issues 9%, 9-year bonds with a face amount of $80,000 for $75,323 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 10%. Interest is paid semiannually on June 30 and December 31.

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