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  3. the market price of an $980000, ten-year, 8% (pays

The market price of an $980000, ten-year, 8% (pays interest semiannually) bond issue sold to...

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Question

Accounting

The market price of an $980000, ten-year, 8% (pays interest semiannually) bond issue sold to yield an effective rate of 6% is

$1874325.

$1134459.

$1124068.

$1125803.

Answer & Explanation Solved by verified expert
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