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  • 21-03-2024
  • Business
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Amiga Inc issued $100,000, 7% semi-annual, 5-year bonds. The market rate at the time of issue was 7.5%. Using the effective interest method, the present value of the bond is ________.
1) $97,945
2) $95,568
3) $133,266
4) $130,798
5) $129,108

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