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CECI 12 QS 10-19A (Algo) Computing bond price C2 4.54 points Compute the selling price of 10%, 10-year bonds with a par value of $300,000

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CECI 12 QS 10-19A (Algo) Computing bond price C2 4.54 points Compute the selling price of 10%, 10-year bonds with a par value of $300,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Table Bi and Toblo 1.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Book Table Value Present Value Cash Flow $300,000 par maturity value 515,000 interest payment Price of Bond Pet Deferences

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