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Posted on May 24, 2024

When the market rate of interest was 1 2 % , Halprin Corporation issued $ 1 , 0 0 0 , 0 0 0 ,

When the market rate of interest was

12 %,

Halprin Corporation issued $

1, 000, 000, 11 %, 10 -

year bonds that pay interest annually. The selling price of this bond issue was

_____.

Use the following table, if needed.

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