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Pinder co produces and sells high-quality video equipment

Question - 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 semiannually, at a market (effective) interest rate of 9%.

Determine the present value of the bonds payable.

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Accounting Basics: Pinder co produces and sells high-quality video equipment

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Accounting Basics: Pinder co produces and sells high-quality video equipment

Reference No:- TGS02508067

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