Question
Herb Co. issued $80,000,000 of ten-year, 14% bonds with interest payable quarterly, at a market (effective) interest rate of 12%. Determine the present value of
Herb Co. issued $80,000,000 of ten-year, 14% bonds with interest payable quarterly, at a market (effective) interest rate of 12%. Determine the present value of the bonds payable, using the present value tables in Appendix A. Round to the nearest dollar. Show computations supporting your answers.
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IT Auditing Using A System Perspective Premier Reference Source
Authors: Robert Elliot Davis
1st Edition
1799855481, 978-1799855484
