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A company issued 6%, 10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 7%.

A company issued 6%, 10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1. PV of $1. FVA of S1. PVA of $1. FVAD of $1 and PVAD of $11 (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.)

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