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Winstead Co. invests in $360,000, 6 % , 6-year Birmingham Corp. bonds when the market rate is 8%, Interest is compounded semi-annually. How much cash

Winstead Co. invests in $360,000, 6 % , 6-year Birmingham Corp. bonds when the market rate is 8%, Interest is compounded semi-annually. How much cash will Winstead Co, pay for the initial purchase of the bonds?

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