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Use the present value tables in the appendix on present value tables to calculate the issue price of a $ 3 0 0 , 0

Use the present value tables in the appendix on present value tables to calculate the issue price of a $

300, 000

bond issue.

Assume interest is paid semiannually.

If its a

10 -

year,

10

percent bond issue; the market interest rate is

8

percent.

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