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Flower Company issues $2,000,000 of 8% bonds that pay interest semiannually and mature in 10 years.Compute the bonds' issue price assuming that the bonds' market

Flower Company issues $2,000,000 of 8% bonds that pay interest semiannually and mature in 10 years.Compute the bonds' issue price assuming that the bonds' market interest rate is:

A. 6% per year compounded semiannually

B. 10% per year compounded semiannually

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