(Answered) Simpson inc purchased 5 4000 11 bonds of hillside

Accounting

Simpson inc. purchased 5 $4000, 11% bonds of Hillside Corporation when the market rate was 10%. Interest is paid semiannually on the bonds, and the bonds mature in 4 years. Compute the total price paid by Simpsom Inc. for yhe bonds showing your calculation for the present value of the principal and the present value of the payments

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