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What will be the issuance price of the bonds

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Reference no: EM132992208

Question - LF Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8%. If the market rate of interest at the time the bonds are sold is 10%, what will be the issuance price (approximate) of the bonds?

a. $371,126

b. $369,664

c. $339,154

d. $338,520

Reference no: EM132992208

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