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Serena williams corporation having recently issued a

Question - Serena Williams Corporation, having recently issued a $20,042,000, 15-year bond issue, is committed to make annual sinking fund deposits of $621,400. The deposits are made on the last day of each year and yield a return of 10%.

Determine the amount of deficiency.

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Accounting Basics: Serena williams corporation having recently issued a

Reference No:- TGS02795122

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