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Business, 06.06.2020 19:00 isiss18

On December 31, 2018, when the market interest rate is 14%, Kendell Corporation issues $ 220 comma 000 of 11%, 14-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance.

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On December 31, 2018, when the market interest rate is 14%, Kendell Corporation issues $ 220 comma 0...
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