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MCQ A company issued $500,000, 10-year, 5% bonds on July 1. Interest is payable semi- annually on June 30 and December 31. Assuming a market

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MCQ A company issued $500,000, 10-year, 5% bonds on July 1. Interest is payable semi- annually on June 30 and December 31. Assuming a market rate of interest of 6%, what is the issuance price of the bonds? (Choose the closest number) Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $462,806 b $500,000 $371,198 d $368,839

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