On January 2,2012,Dock Master Construction,Inc.issued $500,000,10-year bonds for $574,540.The bonds pay interest on June 30 and December 31.The face rate is 8% and the market rate is 6%.At the maturity date,besides an interest payment,Dock Master would repay the bondholders

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At maturity, the bondholders are repaid the face value of the bonds, which is $500,000, regardless of the premium at which they were issued.