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Discounters, Inc., issued $50,000, 4-year, 6% bonds that pay interest annually on January 1 when the going market interest rate was 7%. The issue (sale)
Discounters, Inc., issued $50,000, 4-year, 6% bonds that pay interest annually on January 1 when the going market interest rate was 7%. The issue (sale) price of the bonds, rounded to the nearest $1, equals ______.
$48,307
$53,000
$50,000
$41,233
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