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2,000 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Required: Assuming the market rate of interest is 10%, calculate the selling

2,000 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments

Required:

Assuming the market rate of interest is 10%, calculate the selling price for each bond issue. Refer to the tables above for present value factors. If required, round all calculations to the nearest dollar.

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