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At what price was the note issued

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Question - On January 1, 2017, Kaizen Corporation issued a $300 million note that matures in 10 years. The note has a stated interest rate of 6 percent. When the note was issued, the market rate was 6 percent. The note pays interest twice per year, on June 30 and December 31. At what price was the note issued?

Reference no: EM133137504

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