Question: Palatine Corporation issues $ 5 0 0 , 0 0 0 of 5 % bonds that pay interest semiannually and mature in 1 0 years.

Palatine Corporation issues $500,000 of 5% bonds that pay interest semiannually and mature in 10 years.
Compute the bond price assuming a market rate of (4%).
Round to the nearest whole dollar.
Palatine Corporation issues $ 5 0 0 , 0 0 0 of 5

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