Question: 1 9 . Extreme Motion issue $ 5 0 0 , 0 0 0 of 6 % bonds due in 2 0 years with an

19. Extreme Motion issue $500,000 of 6% bonds due in 20 years with an interest payable semiannually on June 30 and December 31. Calculate the issue price of the bonds assuming a market interest rate of:
a.5%
b.6%
c.7%

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