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bbington Inc. issues $ 1 , 9 6 0 , 0 0 0 of 9 % bonds that pay interest semiannually and mature in 1
bbington Inc. issues $ of bonds that pay interest semiannually and mature in years. Compute the bond issue price assuming that the prevailing market rate of interest is:
Note: Round answers to the nearest dollar, if applicable.
Bond Issue Price
a per year compounded semiannually. Answer
b per year compounded semiannually. Answer
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