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Business, 14.05.2021 15:40 4804397217

Lowien Company issued 10% bonds on January 1, 2020 with a par value of $200,000. The bonds mature in 10 years and yield 12% interest. Interest is paid semiannually on June 30 and December 31. Determine the issue price of the bonds to the nearest dollar (requires use of present value tables).

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Lowien Company issued 10% bonds on January 1, 2020 with a par value of $200,000. The bonds mature in...

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