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What is the fair value of the equipment at time of purchase

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Reference no: EM132816229

Question - You bought a piece of equipment by signing the following note payable. The note is due at maturity and interest is due annually.

Face value 355,600

Coupon rate 4.3%

Market rate 7.5%

Term 6

Required - What is the fair value of the equipment at the time of purchase?

Reference no: EM132816229

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