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On January 1, 2022, Company Y issued $250,000 bonds with 8% coupon rate and pays interest semi- annually on June 30 and December 31.

On January 1, 2022, Company Y issued $250,000 bonds with 8% coupon rate and pays interest semi- annually on June 30 and December 31. The effective rate for similar bonds is 6%. Company Y uses the effective-interest method to amortize bond discount or premium. What is the selling price of the bond?

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