Question: 3 3 What is the issue price for a $ 5 0 0 , 0 0 0 , 5 year, semi annual bond with stated

33 What is the issue price for a $500,000,5 year, semi annual bond with stated rate at 4% when the market rate is 5%. What would you pay assuming you purchased $10,000 of this bond at the date of issue?

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