The present? value on the bond investment

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Reference no: EM131619661

Shriver Corp. purchased 5 ?, $ 1000 ?, 7 ?% bonds of Eagle Corporation when the market rate of interest was 12 ?%. Interest is paid semiannually on the? bonds, and the bonds will mature in six years. Using the PV function in Excel Superscript ® ?, compute the price Shriver paid? (the present? value) on the bond investment.

Reference no: EM131619661

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