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Concord Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually....

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Accounting

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Concord Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10% Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to o decimal places e.g Issue price of the bonds

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