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In: Accounting

1. Determine the present value of five​-year bonds payable with face value of $91,000 and stated...

1.

Determine the present value of five​-year bonds payable with face value of $91,000 and stated interest rate of 14​%, paid semiannually. The market rate of interest is 14​% at issuance.

2.

Same bonds payable as in Requirement​ 1, but the market interest rate is 16​%.

3.

Same bonds payable as in Requirement​ 1, but the market interest rate is 10​%.

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