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A 15-year bond issue of 5,200,000 and bearing interest at 5%payable annually is sold to yield 5.3% compounded semi-annually.What is the issue price of the

A 15-year bond issue of 5,200,000 and bearing interest at 5%payable annually is sold to yield 5.3% compounded semi-annually.What is the issue price of the bonds? 2 answers

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