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At what price was the note issued

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Question - On January 1st 2017, a corporation issued a 400 million note that matures in 5 years. The note has a stated interest rate of 8%. When the note was issued, the market rate was 8 percent. The note pays interest twice per year, on June 30 and December 31. At what price was the note issued?

Reference no: EM133152401

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