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Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 8% when the market rate was 13%. Interest was

Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 8% when the market rate was 13%. Interest was paid annually. The bonds were sold at 90.7. What was the sales price of the bonds?

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