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Determine the issue price

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Reference no: EM132741950

Question - Maggie Enterprises issued $110,000 of 6%, 5-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield (a) 6%, (b) 8%, and (c) 4%. Use financial calculator or Excel to calculate answers. Round answers to the nearest whole number.

Reference no: EM132741950

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