Determine the present value of 10​-year bonds payable with face value of $93,000 and stated interest rate of 12​%, paid semiannually. The market rate of interest is 12​% at issuance. ​(Round intermediary calculations and final answer to the nearest whole​ dollar.) 1. Determine the present value of 10​-year bonds payable with face value of $93,000 and stated interest rate of 12​%, paid semiannually. The market rate of interest is 12​% at issuance. 2. Same bonds payable as in Requirement​ 1, but the market interest rate is 16​%. 3. Same bonds payable as in Requirement​ 1, but the market interest rate is 8​%.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Requirement 1. Determine the present value of 10​-year bonds payable with face value of $93,000 and stated interest rate of 12​%, paid semiannually. The market rate of interest is 12​% at issuance. ​(Round intermediary calculations and final answer to the nearest whole​ dollar.)

1.

Determine the present value of 10​-year bonds payable with face value of $93,000 and stated interest rate of 12​%,
paid semiannually. The market rate of interest is 12​%
at issuance.

2.

Same bonds payable as in Requirement​ 1, but the market interest rate is

16​%.

3.

Same bonds payable as in Requirement​ 1, but the market interest rate is

8​%.

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