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Computing Bond Issue Price Abbington Inc. issues $700,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price

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Computing Bond Issue Price Abbington Inc. issues $700,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is: Note: Round your answer to the nearest whole dollar. a. 8% per year compounded semiannually. $ 31,500 x b. 10% per year compounded semiannually. $ 0 x Check

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