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Determine the price of a 10 year $500,000 bond issue with a stated rate of 10% and an effective rate of 12%. Interest is paid

Determine the price of a 10 year $500,000 bond issue with a stated rate of 10% and an effective rate of 12%. Interest is paid semiannually. $443,496 $442,648 $562,311 $500,000

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