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On December 31, 2014, Galore Company issued $290,000 of 8% bonds. The market interest rate at the time of issuance was 11%. The bonds pay

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On December 31, 2014, Galore Company issued $290,000 of 8% bonds. The market interest rate at the time of issuance was 11%. The bonds pay interest on June 30 and December 31 and mature in 15 years. Compute the selling price of the bonds on December 31, 2014

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