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National Motors Corporation Is planning to Issue bonds with a face value of ( $ 2 6 0 , 0 0 0

National Motors Corporation Is planning to Issue bonds with a face value of \(\$ 260,000\) and a coupon rate of 4 percent. The oonds mature In 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. (FV of \(\$ 1\), PV of \(\$ 1\), FVA of \(\$ 1\), and (Use the approprlate factor(s) from the tables provlded. Round your final answer to whole dollars.) Determine the issuance price of the bonds assuming an annual market rate of Interest of \(6.0\) percent.

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