Shorty Corporation issued $100,000,5%,10-year bonds,with interest payable semiannually.The market rate on the issue date was 6%.Calculate the issue price for the bond.

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The Answer of Shorty Corporation issued $100,000,5%,10-year bonds,with interest payable semiannually.The market rate on the issue date was 6%.Calculate the issue price for the bond.

Shorty Corporation Issued $100,000,5%,10-Year Bonds,with Interest Payable Semiannually