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Business, 03.08.2021 01:00 johnnyhalusewa

On January 1, Applied Technologies Corporation (ATC) issued $500,000 in bonds that mature in 10 years. The bonds have a stated interest rate of 10 percent. When the bonds were issued, the market interest rate was 10 percent. The bonds pay interest once per year on December 31.' Required:
Determine the price at which the bonds were issued and the amount that ATC received at issuance.

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