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Business, 13.03.2020 03:36 supiine295

Lunar, Inc., plans to issue $900,000 of 10% bonds that will pay interest semiannually and mature in 5 years. Assume that the effective interest rate is 12% per year compounded semiannually. Compute the selling price of the bonds.

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Lunar, Inc., plans to issue $900,000 of 10% bonds that will pay interest semiannually and mature in...
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