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g On January 1, a company issues bonds with a par value of $200,000. The bonds mature in 5 years, and pay 8% annual interest,

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g On January 1, a company issues bonds with a par value of $200,000. The bonds mature in 5 years, and pay 8% annual interest, payable each June 30 and December 31, On the issue date, the market rate of interest for the bonds is 10%. Compute the price of the bonds on their issue date. (6%)

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