Business, 21.02.2020 02:59 jujudad0ll

Marin 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%.

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 0 decimal places e. g. 58,971.) Issue price of the bonds $enter the issue price of the bonds rounded to 0 decimal places

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Marin Corporation issues $520,000 of 9% bonds, due in 10 years, with interest payable semiannually....

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