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Question: Determining the present value of bond at issuance On December 31, 2016, when the market interest rate is 14%, McCann Realty issues $400,000 of 11.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92648469

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