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On January 1, a company issues 8% 5 year, $300,000 bonds that pay interest semiannually. On the issue date, the annual market rate of interest

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On January 1, a company issues 8% 5 year, $300,000 bonds that pay interest semiannually. On the issue date, the annual market rate of interest is 6%. The following information is taken from present value tables. What is the issue (selling price of the bond? $420,000 $402, 362 $300, 010 $308, 107 $325.592

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