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2. On 1/1/08, Discount Firm issues: * $10,000,8% bonds * Due December 31, 2011 * Interest payable annually * Market rate of interest =12% Determine

2. On 1/1/08, Discount Firm issues: * $10,000,8% bonds * Due December 31, 2011 * Interest payable annually * Market rate of interest =12% Determine the issue price of bonds

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