Question: Ivanhoe Corp. issued $ 4 0 0 , 0 0 0 of 3 - year, 4 % bonds on May 1 , 2 0 2

Ivanhoe Corp. issued $400,000 of 3-year, 4% bonds on May 1,2024. The market interest rate when the bonds were issued was 8%. Interest is payable quarterly. (c) Determine the price of the bond

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