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Monster Inc. issues $100,000 face value, 6% semiannual coupon bonds maturing in 10 years. The market initially prices these bonds to yield 8% compounded semiannually.
Monster Inc. issues $100,000 face value, 6% semiannual coupon bonds maturing in 10 years. The market initially prices these bonds to yield 8% compounded semiannually.
What is the issue price of these bonds?
Select one:
a. $86,410
b. $78,066
c. $108,784
d. $87,506
e. $81,902
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