Young Co. issues $900,000 of 6% bonds dated January 1, 2021. Interest is payable semiannually...
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Young Co. issues $900,000 of 6% bonds dated January 1, 2021. Interest is payable semiannually on June 30 and December 31. The bonds mature in 10 years. The current market rate for similar bonds is 9%.
What is the issue price of the bonds?
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