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Brief Exercise 14-1 Shamrock Corporation issues $470,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market
Brief Exercise 14-1 Shamrock Corporation issues $470,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10% Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Issue price of the bonds Click if you would like to Show Work for this question: Open Show Work Question Attempts: O of 2 used SAVE FOR LATER SUBMIT ANSWER SUBMIT
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