Question: Tu-Tu Corp issues a 6-year, $100,000 bond with a stated interest rate of 10.00% The market rate is 8.00%. Interest is paid semi-annually. What is

Tu-Tu Corp issues a 6-year, $100,000 bond with a stated interest

Tu-Tu Corp issues a 6-year, $100,000 bond with a stated interest rate of 10.00% The market rate is 8.00%. Interest is paid semi-annually. What is the initial carrying value of the bond? (The straight-line method of amortization is used.) a) $109,385.35 b) $110,728.63 c) $100,000.00 d) $108,782.13

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