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Abbington Inc. issues $630,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing

Abbington Inc. issues $630,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is: Note: Round your answer to the nearest whole dollar. a. 8% per year compounded semiannually. $Answer b. 10% per year compounded semiannually. $Answer image text in transcribed

Computing Bond Issue Price Abbington Inc. issues $630,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is: Note: Round your answer to the nearest whole dollar. a. 8% per year compounded semiannually. $ 0 b. 10% per year compounded semiannually. $ 0

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