Matt Enterprises issued ($ 200,000) of ten percent, five-year bonds with interest payable semiannually. Determine the issue
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Matt Enterprises issued \(\$ 200,000\) of ten percent, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield
(a) ten percent,
(b) six percent, and
(c) 12 percent.
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