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Stein Corporation issued a $950 bond on January 1, year 1. The bond specified an interest rate of 10 percent payable at the end

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Stein Corporation issued a $950 bond on January 1, year 1. The bond specified an interest rate of 10 percent payable at the end of each year. The bond matures at the end of year 3. It was sold at a market rate of 12 percent per year. The following schedule was completed: Use Table 9C.1, Table 9C.2. January 1, year 1 (issuance) December 31, year 1 December 31, year 2 December 31, year 3. Cash Paid Intere ? ? ? Required: 1. What was the bond's issue price? (Round "PV factor" to 4 decimal places. Round the final answer to the nearest whole dollar.) Issue price 2-a. Did the bond sell at a discount or a premium? Discount Premium 2-b. How much was the premium or discount?

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