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Tran Company issued $ 9 0 0 , 0 0 0 , 1 0 - year, 6 percent bonds on July 1 of this year.
Tran Company issued $year, percent bonds on July of this year. Interest is payable semiannually on June and
December FV of $ PV of $ FVA of $ and PVA of $Use the appropriate factors from the tables provided.
Determine the issuance price of the bonds assuming a market interest rate of percent.
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