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please need help on this The Sanders Compary issued 9.5% bonds, dated January 1, with a face amount of $8,000,000 an lanuary 1, 2023. The

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The Sanders Compary issued 9.5\% bonds, dated January 1, with a face amount of $8,000,000 an lanuary 1, 2023. The bonds mature on December 31, 2032 (10 years). For bonds of similar risk and maturity, the market yield is 11.08. interest is paid semiannually on June 30 and December 31 . Sanders user the effective interest method. 1. Determine the price af the bonds at lanuary 1,2023 using Excel's pV function. Formula must indude the -pV tuxtion

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