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Richmond Company issues bonds with a face value of $500,000 that pay 8% interest semiannually and mature in 10 years. Calculate the price of the

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Richmond Company issues bonds with a face value of $500,000 that pay 8% interest semiannually and mature in 10 years. Calculate the price of the bond if the market interest rate is 8%. N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity)

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