Vince has a savings bond that will mature 28 years from now at a value of $

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Vince has a savings bond that will mature 28 years from now at a value of $ 279,000. What is a fair value for Vince's savings bond today, if the market rate of interest for similar items is 13% compounded quarterly?

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Intermediate Accounting

ISBN: 978-0470616314

IFRS edition volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Jun 22, 2022 04:21 AM

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Vince has a savings bond that will mature 28 years from now at a value of $

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Solution Present value of bond ... View the full answer

Intermediate Accounting

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