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Alabama Alarm Corp. plans to finance its operations by issuing $12,000,000 of 10 year, 10% bonds with interest payable semi-annually at an effective interest rate of 12%. Determine the present value of the bonds payable using the present value tables in appendix A at the back of the textbook.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91260621

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