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Pearson Co issue its $75700 at a price of 95 , the stated rate is 6%, the bond term is 4 years, and the market

Pearson Co issue its $75700 at a price of 95 , the stated rate is 6%, the bond term is 4 years, and the market rate is 8%. Assume the term of the bonds is 4 years. The annual interest payment on the bond will be $

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