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Compute the total issue price of the bonds

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Reference no: EM132510268

Question - On January 1, 2014, Haley Co. issued ten-year bonds with a face amount of $4,000,000 and a stated interest rate of 8% payable annually on December 31. The bonds were priced to yield 10%. Compute the total issue price of the bonds?

Reference no: EM132510268

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