Question: TR issues 6.0%, 10-year bonds with a total face amount of $1,500,000. The market interest rate for bonds of similar risk and maturity is 5.9%.

TR issues 6.0%, 10-year bonds with a total face amount of $1,500,000. The market interest rate for bonds of similar risk and maturity is 5.9%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS...

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