Present value of payable ; discount Ponder Could. Produces and sell highly-quality video equipment. To finance its operations, Pinder issued $23,000,000 of three years, 10% bonds, with interest payable semiannually, at a market(effective) interest rate 11%.

A B Present value of bonds payable; discount UIDAWN DATA Face amount of bonds $23,000,000 Contract rate of interest 10% Term of bonds, years 3 Market rate of interest 11% Interest payment Semiannual Using formulas and cell references, perform the required analysis, and input your answer into the Amount column. Transfer the numeric result for the green entry cell 10 (B13) into the appropriate field in CNOWv2 for grading. 11 12 Amount Formula 13 PV of bonds 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Data 0 + Calculation Mode: Automatic Workbook Statistics .. . JUN 17