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Waterhouse Company plans to issue bonds with a face value of $503,000 and a coupon rate of 10 percent. The bonds will mature in 10
Waterhouse Company plans to issue bonds with a face value of $503,000 and a coupon rate of 10 percent. The bonds will mature in 10 years and pay interest semiannualy every June 30 and December 31. All of the bonds are sold on January 1 of this year. Aos p , , EVAgf51 and A of Use the appropriate actor rom the tables provided. Round your final answer to whole dollars.) Determine the issuance price of the bonds assuming an annual market rate of interest of 8 percent. ssuance price
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