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Save 60 Nordic Company issued bonds with the following provisions Maturity value: $60,000,000 . Interest: 7.9 percent per year payable semi-annually each June 30 and

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Save 60 Nordic Company issued bonds with the following provisions Maturity value: $60,000,000 . Interest: 7.9 percent per year payable semi-annually each June 30 and December 31 Terms: Bonds dated January 1, year 1, due five years from that date The company's fiscal year ends on December 31, the bonds were sold on January 1 year 1, at a yield of 8 percent Use Toble 901. Table 90.2 Required: 1. Compute the issue (sale) price of the bonds. (Round time value factor to 4 decimal places. Round the final answer to the nearest whole dollar) Issue (sale price

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