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33 Stealth Fitness Center issues 7%,6-year bonds with a face amount of $200,000. The market...

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Question

Accounting

33 Stealth Fitness Center issues 7%,6-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and
maturity is 6%. Interest is paid semlannually.
Required:
At what price will the bonds be issued? Use a financial calculator or Excel (Do not round intermediate calculations. Round final
answer to the nearest dollar amount.)
3
points
Issue price
image

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