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On January 1, a company issued 20-year, 13% bonds with a face amount of $100,000. The market rate for similar bonds was 12%. The bonds

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On January 1, a company issued 20-year, 13% bonds with a face amount of $100,000. The market rate for similar bonds was 12%. The bonds make semiannual interest payments on June 30 and December 31 each year. What is the present value of the bond principal? (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Click to select $1,075 19,722 $8,054 $10,367

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