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Solve issue price if market interest rate is eight percent

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Reference no: EM132974352

Problem 1: On October 1, 2002, Allar Inc. Has available for issue $618 000 bonds due in four years. Interest rate of 4% is to be paid quarterly. Calculate the issue price if the market interest rate is:

a) 8%

b)4%

Reference no: EM132974352

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