Banzai Corporation is issuing $200,000 of 8%, 5-year bonds when potential bond investors want a return of 10%. Interest is payable semiannually.

E15-15

 

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Banzai Corporation is issuing $200,000 of 8%, 5-year bonds when potential bond investors want a return of 10%. Interest is payable semiannually.

Instructions

Compute the market price (present value) of the bonds.  (Round answer to 0 decimal places, e.g. 125.)

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