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Chinook Inc. has available for issue a $ 3 , 2 4 0 , 0 0 0 bond due in eight years. Interest at the

Chinook Inc. has available for issue a $3,240,000 bond due in eight years. Interest at the rate of 10.00% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) market rate (a)9.5%(b)10%(c)10.75% what is their issue price?
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