Question: )On October 1, 2002, Allar Inc. Has available for issue $618 000 bonds due in four years. Interest rateof 4% is to be paid quarterly.

)On October 1, 2002,

Allar Inc. Has available for issue $618 000 bonds due in four years. Interest rateof 4% is to be paid quarterly. Calculate the issue price if the market interest rate is:

a) 8%

b)4%

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