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Calculate the selling price for each bond issued

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1). 830 bonds, 1000 face value, 8% stated rate, 10 year semi annual interest payment. Assuming the market rate of interest is 10% calculate the selling price for each bond issued. Answer to nearest dollar.
2). 1990 bonds, 500 face value, 12% stated rate, 15 year semi annual interest payment. Assuming the market rate of interest is 10% calculate the selling price for each bond issued. Answer to nearest dollar.

Reference no: EM13523882

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