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PLEASE HELP ME ASAP...... Viavlo Inc. manufactures cycling equipment. Recently, the companys vice-president of operations has requested construction of a new plant to meet the

PLEASE HELP ME ASAP......

Viavlo Inc. manufactures cycling equipment. Recently, the companys vice-president of operations has requested construction of a new plant to meet the increasing demand for the companys bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $2 million of 11% term corporate bonds on March 1, 2023, due on March 1, 2037, with interest payable each March 1 and September 1. At the time of issuance, the market interest rate for similar financial instruments is 10%. Instructions

As Viavlos controller, determine the selling price of the bonds. Show calculations using Formulas. What is the basis of measurement for the bonds? Is there any measurement uncertainty that requires disclosure in Viavlos financial statement notes?

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