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Determine the market price of a $377,000, 10-year, 4% (pays interest semiannually) bond issue sold...

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Accounting

Determine the market price of a $377,000, 10-year, 4% (pays interest semiannually) bond issue sold to yield an effective rate of 6%. (Round factor values to 5 decimal places, e.g. 1.25125 and final answer to 0 decimal places, e.g. 458,582.)

Market price of bond issue $

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