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Chinook Inc has available for issue a $3,200,000 bond due in eight years. Interest at the rate of 6% is to be paid semiannually Calculate

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Chinook Inc has available for issue a $3,200,000 bond due in eight years. Interest at the rate of 6% 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 dollor.) Issud Price Market Interest Rate 55% b6% C 6 75%

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