Question: Computing Bond Issue Price Abbington Inc. issues $ 2 , 1 0 0 , 0 0 0 of 9 % bonds that pay interest semiannually

Computing Bond Issue Price
Abbington Inc. issues $2,100,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is:
Note: Round answers to the nearest dollar, if applicable.
\table[[,Bond Issue Price],[a.8% per year compounded semiannually.,$2,242,222
Computing Bond Issue Price Abbington Inc. issues

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