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Sheridan Corporation issues $440,000of9% bonds, due in9years, with interest payable semiannually. At the time of issue, the market rate for such bonds is10%. Compute the

Sheridan Corporation issues $440,000of9% bonds, due in9years, with interest payable semiannually. At the time of issue, the market rate for such bonds is10%.

Compute the issue price of the bonds

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