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What is the market price of a $400,000, tenyear, 5% bond issue sold to yield an effective rate of 3% if interest is paid semiannually?

What is the market price of a $400,000,

tenyear,

5% bond issue sold to yield an effective rate of 3% if interest is paid semiannually? Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

A. $322,783

B. $468,675

C.$468,242

D.$471,250

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