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A company issued $480,000, 12-year, 8 % bonds at 107.00. What is the issue price of these bonds? a) $480,000 b) $513,600 c) $518,400 d)

A company issued $480,000, 12-year, 8 % bonds at 107.00. What is the issue price of these bonds? a) $480,000 b) $513,600 c) $518,400 d) $446,400

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