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Posted by on Monday, April 5, 2010 at 2:37pm.

JTD Corporation issued $800,000 of 20-year, 12% bonds on January 1, 2006, when the market rate of interest was 10%. Interest is payable annually on December 31. Use the present values tables shown via the textbook link above.
a. Calculate the price of the bonds on January 1, 2006, the date the bonds were issued

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