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Dallas Co . sells $ 8 0 0 , 0 0 0 of 1 2 % bonds on January 1 , 2 0 2 5
Dallas Co sells $ of bonds on January The bonds pay interest semiannually on June and December
The maturity date of the bonds is January The bonds are priced with a market rate of
The present value factors for these bonds are:
Present value of a single sum
Present value of ordinary annuity
What is the appropriate issue price for these bonds?
$
$
$
$
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