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You are called in as a financial analyst to appraise the bonds of Olsens Clothing Stores. The $1,000 par value bonds have aAppendix Present value of $1, PV, PV=Fv+ Period 2% 0.980 0.951 3% 0.971 0.943 0915 0.942 1% 0.990 0.980 0.971 0.961 0.951 0.9Appendix D Present value of an annuity of $1, PVA PVA Percent Period 2% 0.980 1942 2.884 2808 4713 5.601 6.472 1% 0.990 1,970

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Computation price of bond $ 45.00 Semiannual interest amount ($1000*9%*6/12) PVAIF (5%,50years) Present Value Of Interest PayComputation price of bond $ 45.00 Semiannual interest amount ($1000*9%*6/12) PVAIF (5%,40years) b 17.159 d Present Value Of I

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