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I have an accounting question Shriver corp, purchased 5, $1000, 6% bonds of solar corporation when the market rate of interest was 10%.

I have an accounting question

Shriver corp, purchased 5, $1000, 6% bonds of solar corporation when the market rate of interest was 10%. interest is paid semiannually on the bonds, and the bonds will mature in 8 years.

Compute the price shiver paid (the present value) on the bond investment.

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