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1 4 . 1 2 A company wishes to issue a $ 3 0 , 0 0 0 , 4 year bond that pays 8

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14.12 A company wishes to issue a $30,000,4 year bond that pays 8% interest compounded semiannually (4% every 6 months). Determine the selling price. Assume a market rate of 10% compounded semiannually (5%).
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