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A company issues $ 1 0 0 , 0 0 0 of 6 % , 5 - year bonds dated January 1 that pay interest
A company issues $ of year bonds dated January that pay interest semiannually. The bonds are issued when the market rate is The present value tables indicate the present value factor of an annuity for at periods is ; and for at periods is To find the present value of the interest payments, multiply by the present value factor
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