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bonds On January 1, 2015, Bay Company issues with a face value of $850,000 that pay 9% interest semiannually and mature in 15 years. The

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bonds On January 1, 2015, Bay Company issues with a face value of $850,000 that pay 9% interest semiannually and mature in 15 years. The market interest rate at the date of issuance is 8%, what is the issue price of the bond? a. $850,000.00 b. $923,491.41 c. $815,386.52 d. $567,656.32

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