Please show a complete step-by-step solution thank you! Abbington Inc. issues $560,000 of 9%...
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Abbington Inc. issues $560,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is: Note: Round your answer to the nearest whole dollar. a. 8% per year compounded semiannually. $ b. 10% per year compounded semiannually. \&
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