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Q5 14-7 Calculating the price of a bond using business calculator PV function L04 On February 1, 2017, Swiss Travel Corp. issued $750,000 of 11%,

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Q5 14-7 Calculating the price of a bond using business calculator PV function L04 On February 1, 2017, Swiss Travel Corp. issued $750,000 of 11%, eight-year bonds. Interest is to be paid quarterly. Required: Calculate the issue price of the bonds if the market interest rate was: a. 6% b.11% c.13%

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