Question: On December 3 1 , 2 0 2 5 , Ford issues $ 5 , 0 0 0 , 0 0 0 face value, 5

On December 31,2025, Ford issues $5,000,000 face value, 5%,5-year bonds. Interest is paid semiannually each June 30 & December 31. The bonds sell at a price of 96; Sunset uses the straight-line method of amortizing bond discount/premium.
What is the carrying value at maturity?

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