Calculate the issue price of the bond

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Reference no: EM13906201

Wilson Corporation is issuing $200,000 of 12%, 5-year bonds when potential bond investors want a return of 10%. Interest is payable semi-annually.

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.

Reference no: EM13906201

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