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8 and 9 0 Seved Stealth Fitness Center issues 7%, 9-year bonds with a face amount of $200,000. The market interest rate for b
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Answer #1

Issue price = present value of interest at 3% for 18 years + Present value of maturity amount

= 200000*7%*6/12*13.754 + 200000*0.587

= $213678

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