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Brubeck Company issued bonds with a face value of $ 2 1 , 0 0 0 , 0 0 0 and a coupon rate of

Brubeck Company issued bonds with a face value of $

21, 000, 000

and a coupon rate of

5 %

paid semiannually for

4

years. The market rate of interest is

6 % .

How much is the market value of the bond using a present value table?

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