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On January 1, 2020 RSG, Inc. issued $4,500,000, 10 year, 8% bonds. The bonds pay interest semi-annually. At the time of issuance the market rate

On January 1, 2020 RSG, Inc. issued $4,500,000, 10 year, 8% bonds. The bonds pay interest semi-annually. At the time of issuance the market rate of interest is 10%. Calculate the issue price of the bond? (Round to the nearest dollar)

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