Question: Baker Company issued $ 2 0 0 , 0 0 0 of ten - year bonds to yield 1 1 % when the stated rate

Baker Company issued $200,000 of ten-year bonds to yield 11% when the stated rate of the bonds was 9%. Present value interest factors (PVIF) are:
9%11%PVIF of $1,10 years0.422410.35218PVIF of Annuity of $1,10 years6.417665.88923

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