Alabama alarm corp. plans to finance

Reference no: EM13721234

Alabama Alarm Corp. plans to finance its operations by issuing $12,000,000 of 10 year, 10% bonds with interest payable semi-annually at an effective interest rate of 12%. Determine the present value of the bonds payable using the present value tables in appendix A at the back of the textbook.

Reference no: EM13721234

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