Question: Roehm Co issued 30 000 000 of four year 10 bonds with interest
Roehm Co. issued $30,000,000 of four-year, 10% bonds, with interest payable semiannually, at a market (effective) interest rate of 8%. Determine the present value of the bonds payable, using the present value tables in Exhibits 4 and 5. Round to the nearest dollar.
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