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Lemon Ltd. has available for issue $500,000 bonds due in four years. Interest at the rate of 5% is paid semi-annually Required: (round all answers

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Lemon Ltd. has available for issue $500,000 bonds due in four years. Interest at the rate of 5% is paid semi-annually Required: (round all answers to the nearest whole dollar) Calculate the issue price if the market rate of interest is: a. 3% (2 marks) b.6% (2 marks) Present value tables are provided for student reference following (below) the answer blanks, if required

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