Compute the issue price of the bonds

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Reference no: EM13927967

Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semi annually. At the time of issue, the market rate for such bonds is 10%.

Compute the issue price of the bonds. (Round answer to 0 decimal places, e.g. 38,548.)

Reference no: EM13927967

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