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Computing the Issue Price of Bonds See the Present and Future Value Tables from the Appendix for help in solving this item. Rate from table

Computing the Issue Price of Bonds

See the Present and Future Value Tables from the Appendix for help in solving this item.

Rate from table is .21455

Compute the issue price of each of the following bonds. Round your answers to the nearest dollar.

a. $10,000,000 face value, zero coupon bonds due in 20 years, priced on the market to yield 8% compounded semiannually.

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