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Company X is issuing bonds. They plan to issue 10,000, $1000 par, 6% bonds that pay semi- annual for 5 years. What are the proceeds

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Company X is issuing bonds. They plan to issue 10,000, $1000 par, 6% bonds that pay semi- annual for 5 years. What are the proceeds from this bond sale if the market rate is 5%

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