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Problem 3: (22 Marks) On January 1, 2020, Darden Company issued $5,000,000 face value of 11%, 5-year bonds which provides the bondholders with a

Problem 3: (22 Marks) On January 1, 2020, Darden Company issued $5,000,000 face value of 11%, 5-year bonds which provides the bondholders with a 9% market rate (affective in The bonds pay semiannual interest on June 30 and December 31. The following Present value tables are provided for you

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