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Stealth Fitness Center issues 7%, 8-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 7%, 8-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price will the bonds be issued?

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