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A company issued 8%, 10-year bonds with a face amount of $79million. The market yield for bonds of similar risk and maturity is9%. Interest is

A company issued 8%, 10-year bonds with a face amount of $79million. The market yield for bonds of similar risk and maturity is9%. Interest is paid semiannually. At what price did the bondssell? No A company issued \\( 8 \\%, 10 \\)-year bonds with a face amount of \\( \\$ 79 \\) million. The market yield for bonds of similar risk and maturity is \\( 9 \\% \\). Interest is paid semiannually. At 2 answers

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