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QUESTION 5 On January 1, Claud's Hamburger Corporation issued $300,000, 9%, 16-year bonds to yield 5%. The bonds pay interest annually on December 31.

QUESTION 5 On January 1, Claud's Hamburger Corporation issued $300,000, 9%, 16-year bonds to yield 5%. The bonds pay interest annually on December 31. What is the selling price of the bonds?

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