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On January 2 , 2 0 2 0 , Wine Corporation wishes to issue $ 6 , 0 0 0 , 0 0 0 (

On January 2,2020, Wine Corporation wishes to issue $6,000,000(par value) of its
8%,10-year bonds. The bonds pay interest annually on January 1. The current yield
rate on such bonds is 10%. Using the interest factors below, compute the amount
that Wine will realize from the sale (issuance) of the bonds.
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