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26-05-2023
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underwater experiences issues a bond due in 5 years with a stated interest rate of 6% and a face amount of $100,000. interest payments are made semiannually. the market rate for this type of bond is 5%. what is the issue price of the bond (rounded to nearest whole dollar)? (use pv of $1 and pva of $1) multiple choice $102,323 $84,557 $104,376 $100,000

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