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Palatine Corporation issues $750,000 of 5% bonds that pay interest semiannually and mature in 10 years. Compute the bond price assuming a market rate of

Palatine Corporation issues $750,000 of 5% bonds that pay interest semiannually and mature in 10 years.

Compute the bond price assuming a market rate of 4%. Round to the nearest whole dollar.

	Present value of principal repayment	Answer
	Present value of interest payments	Answer
	Selling price of bonds	Answer

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