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Autopia is planning to issue a bond with a face ( par ) value of $ 4 0 , 0 0 0 , 0 0
Autopia is planning to issue a bond with a face par value of $ and a stated interest rate coupon rate of percent. Interest payments are made twice annually for a year term. How much will Autopia receive if interest rates have increased to percent at the time of issuance?
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