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On January 1, 2017, a corporation issued $500,000, 8%, 10 year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market

On January 1, 2017, a corporation issued $500,000, 8%, 10 year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest if 10%. Determine the selling price of the bond.

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