Question: Question 5 0/1 View Policies Show Attempt History Current Attempt in Progress 4 Your answer is incorrect. Cullumber Corporation issues $520,000 of 9% bonds, due

Question 5 0/1 View Policies Show Attempt History Current Attempt in

Question 5 0/1 View Policies Show Attempt History Current Attempt in Progress 4 Your answer is incorrect. Cullumber Corporation issues $520,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971.) Issue price of the bonds $

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