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Stealth Fitness Center issues 5%, 10-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and maturity is
Stealth Fitness Center issues 5%, 10-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price will the bonds be issued? Use Table 2 and Table 4. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.)
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