Question: On December 1 , 2 0 2 4 , ABC Company issued 1 0 0 million dollar 8 - year, 6 % bonds with interest

On December 1,2024, ABC Company issued 100 million dollar 8-year, 6% bonds with interest payable semiannually starting on June 1,2025. The market expects to yield 8% on similar bonds. Based on this information, ABC Manufacturing Company will:
Question 37Answer
a.
None of the answers is correct.
b.
receives $88,506,730 on sale of these bonds
c.
receives $92,533,750 on sale of these bonds
d.
receives $88,347,690 on sale of these bonds
e.
receives $100,000,000 on sale of these bonds

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