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On January 1 , 2 0 2 1 , Boomer Universal issued 1 2 % bonds dated January 1 , 2 0 2 1 ,

On January 1,2021, Boomer Universal issued 12% bonds dated January 1,2021, with a face amount of $200 million. The bonds mature in 2030(10 years). For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31.
CALCULATE THE PRICE OF A BOND

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