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QUESTION 3 Pearson Co issue its $193500 at a price of 104, the stated rate is 8%, the bond term is 4 years, and the

QUESTION 3 Pearson Co issue its $193500 at a price of 104, the stated rate is 8%, the bond term is 4 years, and the market rate is 5% Assume the term of the bonds is 4 years The annual interest payment on the bond will be $

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