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# On January 1, a company issues bonds with a par value of \$300,000. The bonds mature in 5 years and pay 8% annual interest each June 30 and December...

. On January 1, a company issues bonds with a par value of \$300,000. The bonds mature in 5 years and pay 8% annual interest each June 30 and December 31. On the issue date, the market rate of interest is 6%. Compute the price of the bonds on their issue date. The following information is taken from present value tables:

. On January 1, a company issues bonds with a par value of \$300,000. The bonds mature in 5 years and pay 8% annual interest each June 30 and December 31. On the issue date, the market rate of interest is 6%. Compute the price of the bonds on their issue date. The following information is taken from present value tables:

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