Question: On October 1, 2023, Eastern Timber Inc. has available for issue $780,000 bonds due in four years. Interest at the rate of 6.50% is to

On October 1, 2023, Eastern Timber Inc. has available for issue $780,000 bonds due in four years. Interest at the rate of 6.50% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a.) 7.5%

b.) 6.5%

c.) 5.5%

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