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On January 1, 2008, a corporation issued $600,000,6%, 10-year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of

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On January 1, 2008, a corporation issued $600,000,6%, 10-year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 8%. Determine the selling price of the bond. (Round to the nearest one)

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