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Whispering Corporation issue %560,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such

Whispering Corporation issue %560,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds id 10 %. Compute the issue price of the bonds.

Issue price of the bonds

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