Question: pg dr 16. $ (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of

pg dr 16. $ (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 6.5%. The current market rate of interest is 6.4%. Determine the issue price of this annual bond. en

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