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Brown Company issued a bond with the following terms: Face Amount. $400,000.00 Stated Annual Interest Rate. 10.00% Term... 5 years Interest Paid.. Semiannually If the
- Brown Company issued a bond with the following terms:
Face Amount. $400,000.00
Stated Annual Interest Rate. 10.00%
Term... 5 years
Interest Paid.. Semiannually
If the effective annual rate of interest was 8.00% on the date the bond was issued to investors what was the selling price of the bond?
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