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Nash Inc. is about to issue $ 8 6 0 , 0 0 0 of 1 0 - year bonds that pay a 5 %

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Nash Inc. is about to issue $860,000 of 10-year bonds that pay a 5% annual interest rate, with interest payable semi-annually. The
market interest rate is 6%. Assuming all bonds are issued, how much can Nash expect to receive for the sale of these bonds?
(a)
Of the variables listed, choose the variable being calculated.
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