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A company issued 7%, 10-year bonds with a face amount of $84 million. The market yield for bonds of similar risk and maturity is 8%.

A company issued 7%, 10-year bonds with a face amount of $84 million. The market yield for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.)

n =
i =
Cash Flow Amount Present Value
Interest $
Principal $
Price of bonds

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