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False Question 5 1 pts If $500,000 of 10-year bonds, with interest payable semiannually are sold for $494,040 based on (1) the present value of

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False Question 5 1 pts If $500,000 of 10-year bonds, with interest payable semiannually are sold for $494,040 based on (1) the present value of $500,000 due in 20 periods at 5% plus (2) the present value of twenty $25,000 payments at 5%, the nominal or contract rate and the market rate of interest for the bonds are both 10%. O True False Question 6

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