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SunlandCollege is about to issue $1.04million of10-year bonds that pay a6% annual interest rate, with interest payable semi-annually. the issue price of these bonds if

SunlandCollege is about to issue $1.04million of10-year bonds that pay a6% annual interest rate, with interest payable semi-annually.

the issue price of these bonds if the market interest rate is (a)5%, (b)6%, and (c)7%

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