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When the market rate of interest was 12%, Halprin Corporation issued $520,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond

When the market rate of interest was 12%, Halprin Corporation issued $520,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was?

Use the present value tables in Exhibit 8 and Exhibit 10.

a.$2,956,531

b.$519,998

c.$490,617

d.$3,082,544

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