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Issue price of a bond lunar inc plans to issue 500000 of 10

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Issue Price of a Bond Lunar, Inc., plans to issue $500,000 of 10% bonds that will pay interest semiannually and mature in 5 years. Assume that the effective interest rate is 12% per year compounded semiannually. Calculate the selling price of the bonds. Selling price of bonds is?? show details how you get to the answer.

Reference no: EM13576211

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