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on march 1,2013 Pyne Furniture co. issued $700,000 of 10% bonds to yield 8%. interest is payable semiannually on Feb 28 a of nd august

on march 1,2013 Pyne Furniture co. issued $700,000 of 10% bonds to yield 8%. interest is payable semiannually on Feb 28 a of nd august 31. the bonds mature in ten years. pyne furniture co is a calendar-year corporation.

determine the issue price of the bonds

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