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Computing Issue Price for Zero Coupon Bonds Underwood Inc. issues $ 3 5 0 , 0 0 0 of zero coupon bonds that mature in

Computing Issue Price for Zero Coupon Bonds
Underwood Inc. issues $350,000 of zero coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is:
LO3,6
a.8% per year compounded semiannually.
b.10% per year compounded semiannually.
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