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A company issued 7 % , 1 0 - year bonds with a face amount of $ 8 4 million. The market yield for bonds
A company issued year bonds with a face amount of $ million. The market yield for bonds of similar risk and maturity is Interest is paid semiannually. At what price did the bonds sell?
Note: Do not round intermediate calculations and round you final answer to nearest whole dollar. Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Price of bonds
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