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ABC Company will issue $5,200,000 in 8%, 10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. Determine how much cash

ABC Company will issue $5,200,000 in 8%, 10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. Determine how much cash ABC Company will realize from the bond issue.

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