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anuary 1. year 1, ABC. Corp. issued bonds as follows: Face value 55000000 Stated (or coupon) annual rate of interest 8% Coupon is paid twice

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anuary 1. year 1, ABC. Corp. issued bonds as follows: Face value 55000000 Stated (or coupon) annual rate of interest 8% Coupon is paid twice annually Market annual rate of interest 6 % Term in years 5 How much did the bond sell for? Round your answer to the nearest dollar. Your

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