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A company issued 8%, 10-year bonds with a face amount of $71 million. The market yleld for bonds of similar risk and maturity is 9%.

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A company issued 8%, 10-year bonds with a face amount of $71 million. The market yleld for bonds of similar risk and maturity is 9%. 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 approprlate factor(s) from the tables provided. Enter your answers In whole dollars. Round final enswers to the nearest whole dollar.) able values are based on: 20 n= 4.5% Amount Present Value Cash Flow Interest Principal Price of bonds

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