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Determine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate= 6%

Determine the cash paid to the investor for the following bond issuance:

2,000,000 (2 millions $) face value semi-annual bond

10 years

Stated rate= 6% per year

Market rate=8.5% per year

$120,000

$161,000

$60,000

$80,500

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