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GHI Company will issue $2 000 000 in 8% 10-year bonds when the market rate of interest is 6%. Interest is paid semiannual. Determine how

GHI Company will issue $2 000 000 in 8% 10-year bonds when the market rate of interest is 6%. Interest is paid semiannual. Determine how much cash GHI company should realize from the bond issue-i.e. What is the selling or issue price of the bonds

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