Question: Errol Enterprises Issues 20-year, 8% bonds with a face amount of $200,000. The market rate for bonds of similar risk and maturity is $12%. Interest

Errol Enterprises Issues 20-year, 8% bonds with a face amount of $200,000. The market rate for bonds of similar risk and maturity is $12%. Interest is paid semiannually What is the issue price of the bonds? Bond isso Price

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