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16) The Ness Company sells $5,000,000 of five-year, 10% bonds at the start of the year. The bonds have an effective yield of 9%. Present
16) The Ness Company sells $5,000,000 of five-year, 10% bonds at the start of the year. The bonds have an effective yield of 9%. Present value factors are below: The bond interest expense for Year 1 is: A) $467,503. B) $500,000. C) $532,497. D) $538.895
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