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QUESTION Xtel company issued bond with face value is 590,000, the stated rate is 10%, and the term of the bond is 8 years. The

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QUESTION Xtel company issued bond with face value is 590,000, the stated rate is 10%, and the term of the bond is 8 years. The bond pays interest semiannually. At the time of issue the market rate is 8%What is the present value of the bond (or Bond price) at the issue date? (Do NOT use S or comma or any special symbol. Only give a number as your answer)(Round to the nearest dollar)

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