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compute the proceeds of a bond issue 1/1/2022 Manet Corp. issued 8 year bonds with a face value of 2,000,000 and a stated interest rate

compute the proceeds of a bond issue

1/1/2022 Manet Corp. issued 8 year bonds with a face value of 2,000,000 and a stated interest rate of 6% payable semi-annually on June 30 and December 31. The bonds were sold to yield 8%.

Compute the issue price of the bonds.

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