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Determine the present value of the bonds

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Reference no: EM132775137

Question - Company issued bonds with a face amount of $100,000

Maturity Period 5yrs

Coupon/Contract rate 12%

Market/effect interest rate 10%

Interest paid semiannual

Required -

A) Determine the present value of the Bonds.

B) Journalize the entry.

Reference no: EM132775137

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