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XYZ Company issued $20,000,000 of 10-year, 6% bonds, with interest payable semiannually, at a market (effective) interest rate of 8%. Calculate the present value of

  1. XYZ Company issued $20,000,000 of 10-year, 6% bonds, with interest payable semiannually, at a market (effective) interest rate of 8%. Calculate the present value of the bonds using the tables in Appendix A of your textbook. Chapter 12. Book- Financial and managerial accounting Warren-Reeve-Duchac 13e

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