Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are:
-Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010.The bonds pays interest semiannually on June 30 and December 31.The bonds are issued to yield 5%.What are the proceeds from the bond issue?

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Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are: 
-Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010.The bonds pays interest semiannually on June 30 and December 31.The bonds are issued to yield 5%.What are the proceeds from the bond issue?

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The Answer of Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are: 
-Everhart Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010.The bonds pays interest semiannually on June 30 and December 31.The bonds are issued to yield 5%.What are the proceeds from the bond issue?

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