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January 1 , 2 0 2 4 , Winter Fog Inc. ( WFI ) issued eight - year, 3 % bonds with a face value

January 1,2024, Winter Fog Inc. (WFI) issued eight-year, 3% bonds with a face value of $600,000. Interest is payable semi-annually on June 30 and December 31. The bonds were sold to a yield of 4%.What is the issue price of these bonds?

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