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QUESTION

Company A issues bonds with a par value of $870,000 on their stated issue date. The bonds mature in five years and pay 6% annual interest in...

. Company A issues bonds with a par value of $870,000 on their stated issue date. The bonds mature in five years and pay 6% annual interest in semiannual payments.  

1)     What is the amount of each semiannual interest payment for these bonds? _________________

2)     Compute the price of the bonds as of their issue date using either the factors tables or excel formula. _________________

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