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BD Energy Inc. issued 10-year bonds with a face value of $106,000 and a stated rate of 4% when the market rate was 5%. Interest
BD Energy Inc. issued 10-year bonds with a face value of $106,000 and a stated rate of 4% when the market rate was 5%. Interest was paid annually. The bonds were sold at 88.7. What was the sales price of the bonds?
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