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January 1, 2012 Xray Corp is issuing 250000 of 7% 4-year bonds with semiannual interest payments.Potential bond investors want a rate of 9% interest (market

January 1, 2012 Xray Corp is issuing 250000 of 7% 4-year bonds with semiannual interest payments.Potential bond investors want a rate of 9% interest (market Rate).

Compute the market price (present value) of the bonds and the "Closing Price % of Face".

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