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The next year, Beta Company issued $4,000,000 of 10 -year, 11% bonds on January 4 . The Bonds pay interest semi-annually on June 30 and

The next year, Beta Company issued $4,000,000 of 10 -year, 11% bonds on January 4 . The Bonds pay interest semi-annually on June 30 and December 31 . If the current market rate of interest is 12%, at what price will the bonds sell for

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