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On January 1, 2021, Oriole Co, issued ten-year bonds with a face value of $5,800,000 and a stated interest rate of 10%, payable semiannually on

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On January 1, 2021, Oriole Co, issued ten-year bonds with a face value of $5,800,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are: Calculate the issue price of the bonds. Issue price of bond $

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