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On January 1, 2016, Jason Company issued $5.3 million of 10-year bonds at a 12% stated interest rate to be paid annually. If Jason issued the bonds...

On January 1, 2016, Jason Company issued $5.3 million of 10-year bonds at a 12% stated interest rate to be paid annually. If Jason issued the bonds at a price of 105.5, what is the book value of Jason's bonds on December 31, 2016 after the interest payment assuming the straight-line method is used?

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