The market interest rates

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Brook Company issued a $10,000, 5-year, 11% bond that was sold when the market interest rates were 12%. The bond pays interest semiannually. What is the present value? 

Reference no: EM13942227

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The market interest rates : Brook Company issued a $10,000, 5-year, 11% bond that was sold when the market interest rates were 12%. The bond pays interest semiannually
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