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Pearl Corporation issues $390,000 of 9% bonds, due in 11 years,with interest payable semiannually. At the time of issue, themarket rate for such bonds is

Pearl Corporation issues $390,000 of 9% bonds, due in 11 years,with interest payable semiannually. At the time of issue, themarket rate for such bonds is 10%.Compute the issue price of the bonds.( 2 answers

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