Assuming the market rate of interest is 10%, calculate the selling price for 500 bonds; $1000 face value; 8% stated rate; 5 years; annual interest payments and semi-annual interest payments.
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Assuming the market rate of interest is 10%, calculate the selling price for 500 bonds; $1000 face value; 8% stated rate; 5 years; annual interest payments and semi-annual interest payments.
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