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Kyle Company issued 10-year, 6% bonds with a face value of $100,000. Interest is paid annually. Kyle Company received $93,373 for the issuance of the bonds. Which of the following statements is true?

a) Kyle Company must pay $100,000 at maturity and no interest payments.

b) Kyle Company must pay $93,373 at maturity and no interest payments.

c) Kyle Company must pay $100,000 at maturity plus 10 interest payments of $6,000 each.

d) Kyle Company must pay $93,373 at maturity plus 10 interest payments of $9,337.

Accounting Basics, Accounting

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  • Reference No.:- M944062

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