Produces and sells high quality video equipment

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Reference no: EM13776532

Pinder co produces and sells high quality video equipment. to finance its operations pinder co issued $25,000,000 of five year, 7% bonds, with interest paybale semiannually at a market interest rate of 9%. Determine the present value of the bonds payable, round to the nearest dollar.

Reference no: EM13776532

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