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Purdue issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made semi-annually.

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Purdue issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made semi-annually. The market rate for this type of bond is 8%. What is the issue price of the bond? pe le s se dades interest rate Face value of 60.00, and due in 5 years. Interest payments are made semiannually. The market rate for this $50,000. $54,055. $46,320 $83,920

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