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Co. produces and sells high-quality video equipment. To finance its operations, Pander Co. issued $25,000,000 of five year, 7% bonds, with interest payable at a

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Co. produces and sells high-quality video equipment. To finance its operations, Pander Co. issued $25,000,000 of five year, 7% bonds, with interest payable at a market (effective) interest rate of 9%. the present value of the bonds payable, using the present value tables n Exhibit 8 and Exhibit 10. Round to the nearest dollar

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