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On October 1, 2023, Eastern Timber Inc. has available for issue $700,000 bonds due in four years. Interest at the rate of 5.00% is to

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On October 1, 2023, Eastern Timber Inc. has available for issue $700,000 bonds due in four years. Interest at the rate of 5.00% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediote calculations. Round the final answers to the nearest whole dollar.)

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