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Category > Accounting Posted 20 Aug 2017 My Price 4.00

Pinder Co

Ex 12-21   Present value of bonds payable; discount

Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder Co. issued $25,000,000 of five-year, 7% bonds, with interest payable semiannu- ally, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibits 8 and 10. Round to the nearest dollar.

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Maurice Tutor
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Status NEW Posted 20 Aug 2017 08:08 PM My Price 4.00

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