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The principal amount is $140,000, the stated rate is 9%, and the term of the bond is 4 years. The bond pays interest semiannually. At

The principal amount is $140,000, the stated rate is 9%, and the term of the bond is 4 years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. Please compute the present value of the bond at market rate using the present value tables

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