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Fable Company plans to issue 8%, 5 year. $600,000 bonds that pay interest semiannually on June 30 and December 31. The bonds are dated December
Fable Company plans to issue 8%, 5 year. $600,000 bonds that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019 and are issued on that date. If the market rate of interest is 10% on the issue date, the bond issue price will be closest to (round to the nearest dollar and do not include dollar signs or commas): Type your answer here
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