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Logan was wanting to raise capital for his business, so he issued bonds with a face value of $10,000, with interest of 9% payable semi-annually,
Logan was wanting to raise capital for his business, so he issued bonds with a face value of $10,000, with interest of 9% payable semi-annually, and a maturity due in 10 years. At the time Logan issued the bonds, the market rate of similar bonds was 10%. How much did Logan receive when he issued his bonds? (round to the nearest \$1)
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