Determine the present value of the bonds, Financial Management

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Determine the present value of the bonds

Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder Co. issued $25000000of five-year 7% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable.

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Financial Management: Determine the present value of the bonds

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Financial Management: Determine the present value of the bonds

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