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Question 3 (2 points) On January 1, 2019 Wilson Ltd. issued $450,000, 9% bonds due in 8 years. The interest on the bonds is payable

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Question 3 (2 points) On January 1, 2019 Wilson Ltd. issued $450,000, 9% bonds due in 8 years. The interest on the bonds is payable annually on December 31. On the issue date, the market rate of interest was 8%. Required: Calculate the issue price of the bond. (2 marks) Note: Round all answers to the nearest dollar

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