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Calculate the price of the bond market interest rate Richmond Company issues bonds with a face value of $5,000,000 that pay 8% interest semiannually and

Calculate the price of the bond market interest rate

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Richmond Company issues bonds with a face value of $5,000,000 that pay 8% interest semiannually and mature in 10 years. Calculate the price of the bond if the market interest rate is 8%. translate to semi-annual translate to semi-annual N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity)

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