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Question 25 4 pts On January 1, 2020, Clean Air Company issued $5 million of 10-year bonds at a 10% stated (coupon) interest rate to

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Question 25 4 pts On January 1, 2020, Clean Air Company issued $5 million of 10-year bonds at a 10% stated (coupon) interest rate to be paid annually. What was the issuance price of the bonds if the market rate of interest was 8%? (If needed, use the time value of money tables provided in the Exam 4 section of Canvas or in the appendix of your textbook. Select the answer closest to your calculation.) $5,670,000 $5,000,000 $5,712,500. $5,387,500

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