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What is the issue price if the bonds are sold to yield

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Question - Bond Issue Price

On December 31, 2018, Goa Hot Rods issued $2,000,000 of 6%, 10-year bonds. Interest is payable semiannually on June 30 and December 31.

Required: What is the issue price if the bonds are sold to yield 8%?

Reference no: EM132437869

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