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On October 1, 2023, Eastern Timber Inc. has available forissue $920,000 bonds due in four years. Interest at the rate of5.50% is to be paid

On October 1, 2023, Eastern Timber Inc. has available forissue $920,000 bonds due in four years. Interest at the rate of5.50% is to be paid quarterly. Calculate the issue price if themarket interes 2 answers

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