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eBookPrint Item Question Content Area Present Value of Bonds Payable; Discount Pinder Co . produces and sells high - quality video equipment. To finance its
eBookPrint Item
Question Content Area
Present Value of Bonds Payable; Discount
Pinder Co produces and sells highquality video equipment. To finance its operations, Pinder issued $ of fiveyear, bonds, with interest payable semiannually, at a market effective interest rate of
Determine the present value of the bonds payable, using the present value tables in Exhibit and Exhibit Round to the nearest dollar.
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