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Shaky Hands Insurance issues $900,000 of 8% bonds with semiannual coupon payments and that mature in 10 years. Compute the bond issue price assuming that

Shaky Hands Insurance issues $900,000 of 8% bonds with semiannual coupon payments and that mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is 7% per year compounded semiannually.

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