Pinder Co . produces and sells high - quality video equipment. To finance its operations, Pinder issued

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Pinder Co

.

produces and sells high

-

quality video equipment. To finance its operations, Pinder issued $

28, 000, 000

4 -

year,

10 %

bonds, with interest payable semiannually, at a market

(

effective

)

interest rate of

11 % .

Determine the present value of the bonds payable. Round your answer to the nearest dollar.

Posted Date: May 18, 2024 07:09 AM

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Pinder Co . produces and sells high - quality video equipment. To finance its operations, Pinder issued

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