Question: On August 1 , 2017 , Billboard Inc. issued $ 520,000 of 10 % seven-year bonds . Interest is to be paid semiannually. Calculate the

On August 1 , 2017 , Billboard Inc. issued $ 520,000 of 10 % seven-year bonds . Interest is to be paid semiannually. Calculate the issue price of the bonds if the market interest rate was: 14%

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