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Business, 13.07.2021 18:20 alex12everett

Abbington Inc. issues $210,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is: a. 8% per year compounded semiannually.
b. 10% per year compounded semiannually.

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