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On Jan 1, 2020, a company purchased 7%, 10-year bonds with a face value of $393,000. The bonds pay interest semiannually on June 30 and

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On Jan 1, 2020, a company purchased 7%, 10-year bonds with a face value of $393,000. The bonds pay interest semiannually on June 30 and December 31. The bonds were priced to yield the market interest rate of 8%. On Jan 1.2020, how much did the company pay for the bonds? Round your answer to the nearest dollar

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