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Wilson Corporation is issuing $200,000 of 12%, 5-year bonds when potential bond investors want a...

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Accounting

Wilson Corporation is issuing $200,000 of 12%, 5-year bonds when potential bond investors want a return of 10%. Interest is payable semiannually. Required: Calculate the issue price (present value) of the bond. Important: round to the nearest penny in the middle of the problem. Round to the nearest dollar for your answer. If your answer is within $100 of one of the choices, please select that answer.

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