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The XYZ Company issued discount debt bonds with the nominal value of $100,000.The bonds have a maturity period of 5 year and a coupon rate

The XYZ Company issued discount debt bonds with the nominal value of $100,000. The bonds have a maturity period of 5 year and a coupon rate of 6% annually. Calculate the issue price of the bonds taking the market interest rate of 8% into account.

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