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BazeBallz Company issued $12 million face-value bonds, dated April 1, 2011, to yield 14% . The bonds offer a coupon interest rate of 6% per

BazeBallz Company issued $12 million face-value bonds, dated April 1, 2011, to yield 14% . The bonds offer a coupon interest rate of 6% per annum, payable semi-annually on April 1 and October 1. These bonds mature on March 30, 2021.

Compute issue price of the bonds on October 1, 2011.

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