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The following information pertains to Robin Corps issuance of bonds on January 1, 2017: Face amount $800,000; Terms 15 years; Stated interest rate 6%; Interest

The following information pertains to Robin Corps issuance of bonds on January 1, 2017: Face amount $800,000; Terms 15 years; Stated interest rate 6%; Interest payment dates 6/30 and 12/31; Yield rate 8%. What should be the issue price for each $1,000 bond?

a. $1,000 b. $827 c. $819 d. $808

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