On January 2, 2015, Concrete 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%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2015?
a. $574,540
b. $571,776
c. $568,920
d. $500,000
b
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