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Oldman Candies is issuing $2,000,000, 9% corporate bonds on January 1, 2020, due on January 1, 2028, with interest payable each July 1 and January

Oldman Candies is issuing $2,000,000, 9% corporate bonds on January 1, 2020, due on January 1, 2028, with interest payable each July 1 and January 1. At the time of issuance, the market interest rate for similar financial instruments is 10%. At what price will the bonds be sold?

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