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What is the present value of a $700,000 12-year Bond with annual interest payments of $70,000 (contract rate of 10%) assuming an effective rate of
What is the present value of a $700,000 12-year Bond with annual interest payments of $70,000 (contract rate of 10%) assuming an effective rate of 8%? You must show work to receive credit for this
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
2nd Edition
1408017725, 978-1408017722
