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Posted on Aug 05, 2024

A corporation issues 7 % , 2 0 - year bonds with a face amount of $ 4 9 2 , 0 0 0 .

A corporation issues

7 %, 20 -

year bonds with a face amount of $

492, 000 .

The current market interest rate is

6 % .

Interest is paid semiannually. At what price will the bonds issue?

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