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When the market rate of interest was 12%, Halprin Corporation issued $800,000, 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 $800,000, 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.$754,795

b.$4,742,376

c.$799,996

d.$4,548,509

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