Question: NoleCo issues bonds on January 1 , 2 0 2 3 . These bonds pay interest semi - annually on June 3 0 and December

NoleCo issues bonds on January 1,2023. These bonds pay interest semi-annually on June 30 and December 31 each year. The face value of the bonds is $1,000,000 and the coupon/stated rate is 8%. The market rate on the issue date is 10%. The bonds were issued for $850,000. The carrying value of these bonds on December 31,2023(after the interest payment on that date) is:

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