Lojack Corporation issued $85,000,4%,10-year bonds,with interest payable semiannually at the end of the period.The market rate on the issue date was 5%.Calculate the issue price for the bond.

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The Answer of Lojack Corporation issued $85,000,4%,10-year bonds,with interest payable semiannually at the end of the period.The market rate on the issue date was 5%.Calculate the issue price for the bond.

Lojack Corporation Issued $85,000,4%,10-Year Bonds,with Interest Payable Semiannually at the End