Powers Company wishes to issue $2,000,000 of 8%,10 year bonds which pay interest semi-annually.The current discount rate is 6%.What amount should the bonds sell for?

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The Answer of Powers Company wishes to issue $2,000,000 of 8%,10 year bonds which pay interest semi-annually.The current discount rate is 6%.What amount should the bonds sell for?

Powers Company Wishes to Issue $2,000,000 of 8%,10 Year Bonds