0/1 Question 2 View Policies Show Attempt History Current Attempt in Progress Your answer is...
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0/1 Question 2 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Flounder Corporation issues $480,000 of 8% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Issue price of the bonds $
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