Question
On December 31, 2018, when the market interest rate is 12%, Benson Realty issues $600,000 of 9.25%, 10-year bonds payable. The bonds pay interest semiannually.
On December 31, 2018, when the market interest rate is 12%, Benson Realty issues $600,000 of 9.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. The present value of the bonds at issuance amounts to $________
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Commercial Energy Auditing Referance Handbook
Authors: Steve Doty
1st Edition
0881736481, 978-0881736489
