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A company issues a 10 year $1,000 bond that pays 8% interest semi-annually. At the time the bond is issued, the market interest rate for

A company issues a 10 year $1,000 bond that pays 8% interest semi-annually. At the time the bond is issued, the market interest rate for similar bonds is 6%. What were the total proceeds from the bond issuance (choose the answer within $10)

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