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Blossom Corporation issues $ 5 7 0 , 0 0 0 of 9 % bonds, due in 1 0 years, with interest payable semiannually. At
Blossom Corporation issues $ of bonds, due in years, with interest payable semiannually. At the time of issue, the
market rate for such bonds is
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Compute the issue price of the bonds. Round present value factor calculations to decimal places, eg and the final answer to
decimal places eg
Issue price of the bonds $
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