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Business, 26.11.2019 04:31 kianakilbourn8

:on 1/1/x1, wolfpack inc. issues 3-year bonds with a face value of $50,000 and a face (stated) rate of 4% compounded semi-annually. the market interest rate for bonds of similar risk and maturity is 5% compounded semi-annually. interest is paid semi-annually on june 30 and december 31 beginning on june 30, 20x1. the bonds mature on 12/31/x3. a. what is the issue price of the bonds on 1/1/x1? note to student: if you have trouble answering this question, go to the last page of this graded assignment where you will be asked a series of questions that, if answered correctly, should lead you to the correct answer. $__

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:on 1/1/x1, wolfpack inc. issues 3-year bonds with a face value of $50,000 and a face (stated) rate...

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