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issued bonds amout received

View Policies Show Attempt History Current Attempt in Progress Grouper Inc. issues $2,500,000 of 7% bonds due in 15 years wit


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Answer #1

Grouper inc. Bond Value Interest x PVIFA (12%, 15 yrs) = 175000 X 6.81086 = 1191901 Face Value x PVIF (12%, 15 yrs) = 2500000

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