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Sadie Lighting Company issued a 4% $20,000,000 bond with a term of 30 years. Interest is poid semiannually. At the time the bonds were issued,
Sadie Lighting Company issued a 4% $20,000,000 bond with a term of 30 years. Interest is poid semiannually. At the time the bonds were issued, the market rate was 3% What will this bond sell for the issue price)? Round your answer to whole dollars using a comma. Fill in the blank
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