Question
On December 31, 20182018, when the market interest rate is 1616%, McMann RealtyMcMann Realty issues $ 800 comma 000$800,000 of 14.2514.25%, 1010-year bonds payable. The
On December 31,
20182018,
when the market interest rate is
1616%,
McMann RealtyMcMann Realty
issues
$ 800 comma 000$800,000
of
14.2514.25%,
1010-year
bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Round all currency amounts to the nearest whole dollar.)
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Trends In Financial Decision Making
Authors: Cees Van Dam
1978 Edition
9020706926, 978-9020706925
