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Bushman, Inc., issues $400,000 of 8% bonds that pay interest semiannually and mature in 8...

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Accounting

Bushman, Inc., issues $400,000 of 8% bonds that pay interest semiannually and mature in 8 years. Compute the bond issue price assuming that the prevailing market rate of interest is 10% per year compounded semiannually. Select one: A. $400,000 B. $381,293 C. $436,172 D. $356,648

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