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. Company A issues bonds with a par value of $870,000 on their stated issue date.The bonds mature in five years and pay 6% annual

. Company A issues bonds with a par value of $870,000 on their stated issue date.The bonds mature in five years and pay 6% annual interest in semiannual payments.

1)What is the amount of each semiannual interest payment for these bonds? _________________

2)Compute the price of the bonds as of their issue date using either the factors tables or excel formula. _________________

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