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(Draw a timeline, label appropriately, and show all calculations) DBA Company will issue $5,000,000 in 6%, 10-year bonds when the market rate of interest is

(Draw a timeline, label appropriately, and show all calculations)

DBA Company will issue $5,000,000 in 6%, 10-year bonds when the market rate of interest is 8%. Interest is paid semiannually (in June and December). Determine the issue price for the bond.

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