Question: On January 2 , Randall, Inc., issues $ 4 5 0 , 0 0 0 of 4 % bonds that pay interest semiannually and mature

On January 2, Randall, Inc., issues $450,000 of 4% bonds that pay interest semiannually and mature in ten years. Compute the bond issue price assuming the following market interest (yield) rate per year compounded semiannually. Consider each case separately.
A.4%
B.6%
C.2%

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