On December 31, 2014, when the market interest rate is 10%, OBrien Realty issues $ 800,000 of

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On December 31, 2014, when the market interest rate is 10%, O’Brien Realty issues $ 800,000 of 7.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 09:56 AM

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On December 31, 2014, when the market interest rate is 10%, OBrien Realty issues $ 800,000 of

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Horngrens Financial and Managerial Accounting

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