Question: TB Problem 5-159 (Algo) ABC Company will issue... ABC Company will issue $6,800,000 in 8%,10-year bonds when the market rate of interest is 10%. Interest

 TB Problem 5-159 (Algo) ABC Company will issue... ABC Company will

TB Problem 5-159 (Algo) ABC Company will issue... ABC Company will issue $6,800,000 in 8%,10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. Required: Determine how much cash ABC Company will realize from the bond issue. Note: Use tables, Excel, or a financial calculator. Round your intermediate calculations to the nearest whole dollac. (FV of S1, eV of \$1. EVA of Si. PVA of \$I EVAD of \$1 and PVAD of \$1

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