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On January 1, Thomas Corporation issued $600,000 of 11%, 17-year bonds that pay interest semi-annually on June 30 and December 31. The bonds were issued

On January 1, Thomas Corporation issued $600,000 of 11%, 17-year bonds that pay interest semi-annually on June 30 and December 31. The bonds were issued to yield 6%. What will be the issue price of the bonds?

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