Teal Mountain Inc. manufactures cycling equipment. Recently, the company’s vice-president of operations has

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Teal Mountain Inc. manufactures cycling equipment. Recently, the company's vice-president of operations has

beged edifice of a new place to converge the increasing call-for for the company's bikes. After a attentive evaluation of the beg, the table of directors has ruled to lift funds for the new place by issuing $2,090,000 of 9% vocable corporebuke bonds on March 1, 2020, due on March 1, 2034, after a while cause payable each March 1 and September 1. At the term of issuance, the chaffer cause rebuke for homogeneous financial instruments is 8%.

(a)

As Teal Mountain's manager, particularize the selling rate of the bonds. (Round offer rate constituent calculations to 5 decimal places, e.g. 1.25124 and decisive vindication to 0 decimal places, e.g. 5,275.)

What is the Selling rate of the bonds?

$Enter your vindication in agreement to the topic statement

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