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Marwick Corporation issues 10%, 5 year bonds with a par value of $1,220,000 and semiannual interest payments. On the issue date, the annual market rate
Marwick Corporation issues 10%, 5 year bonds with a par value of $1,220,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%. What is the bond's issue (selling) price, using the following Present Value tables: PV of $1 PV of Annuity of $1 O $1,714,765 O $1,009,244 $1,318,997 O $725,235
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