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On January 1,a Company Issues 8%,5 Year,$300,000 Bonds That Pay

Question 28

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On January 1,a company issues 8%,5 year,$300,000 bonds that pay interest semiannually each June 30 and December 31.On the issue date,the annual market rate of interest for the bonds is 10%.Compute the price of the bonds on their issue date.The following information is taken from present value tables: On January 1,a company issues 8%,5 year,$300,000 bonds that pay interest semiannually each June 30 and December 31.On the issue date,the annual market rate of interest for the bonds is 10%.Compute the price of the bonds on their issue date.The following information is taken from present value tables:

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