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Walter Company issues $750,000 of 12% bonds that pay interest semiannually and mature in 10 years. Compute the bonds issue price assuming that the bonds
Walter Company issues $750,000 of 12% bonds that pay interest semiannually and mature in 10 years. Compute the bonds issue price assuming that the bonds market interest rate is:
- 10% per year compounded semiannually
- 14% per year compounded semiannually
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