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Ivanhoe College is about to issue $0.99 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. Calculate the issue

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Ivanhoe College is about to issue $0.99 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. Calculate the issue price of these bonds if the market interest rate is (a) 5%, (b) 6%, and (c) 7%. (For calculation purposes, use 5 decimal places as displayed in provided. Round final answer to decimal places, eg. 5,275.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Market interest rate 5% $ (b) Market interest rate 6% S 990000 (c) Market interest rate 7% S Attempts: 0 of 1 used Save for Later Last saved 1 second ago Saved work will be auto-submitted on the due date

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