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Chinook Inc. has avaliable for issue a $3,255,000 bond due in eight years: Interest at the rate of 1150% is to be paid semiannualy. Calculate

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Chinook Inc. has avaliable for issue a $3,255,000 bond due in eight years: Interest at the rate of 1150% is to be paid semiannualy. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollac.)

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