(Answered) Question - reed corp sells 500000 of bonds to private

Accounting

Question - Reed Corp. sells $500,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%.

What proceeds does Reed receive from the investors?

A) $544,913

B) $474,345

C) $526,948

D) $499,999

E) None of the above

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