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Show me the steps to solve Computing Bond Issue Price Abbington Inc. issues $ 9 8 0 , 0 0 0 of 9 % bonds

Show me the steps to solve Computing Bond Issue Price

Abbington Inc. issues $

980, 000

9 %

bonds that pay interest semiannually and mature in

10

years. Compute the bond issue price assuming that the prevailing market rate of interest is:

Note: Round answers to the nearest dollar, if applicable.

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