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please give me right answer On January 1, 2020. Crane Company issued ten year bonds with a face amount of $4800000 and a stated interest
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On January 1, 2020. Crane Company issued ten year bonds with a face amount of $4800000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 11%. Present Valon factors are as follows At 8x At 18 0.463 0252 Present value of 1 for 10 periods Present value of an ordinary annuity of 1 for 10 periods 6.710 5.889 The total issue price of the bonds was O $4656000 $4800000 $3950976 $4416000 Step by Step Solution
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