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5 1 points Compute the selling price of 10%, 10-year bonds with a par value of $230,000 and semiannual interest payments. The annual market
5 1 points Compute the selling price of 10%, 10-year bonds with a par value of $230,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Cash Flow $230,000 par (maturity) value $11,500 interest payment Table Value Present Value 0.3112 eBook Price of Bond Hint Print References
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