Fantastic Beasts Corporation issues $500,000 of 11% bonds that are due in 10 years. These bonds pay interest on a semi- annually basis. At the time of issue, the market rate for such bonds were 10%. Please calculate the bonds’ issue price. Hint for students: you may calculate the bond issue price using the time value of money tables OR a financial calculator OR a computer spreadsheet function.Workings are to be shown
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