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Business, 03.07.2021 01:10 radazharula1

The Ness Company sells $5,000,000 of five-year, 10% bonds at the start of the year. The bonds have an effective yield of 9%. Present value factors are below: 10%9%PV $1 factor 1 year0.909090.91743PV $1 factor 2 years0.826450.84168PV $1 factor 3 years0.751310.77218PV $1 factor 4 years0.683010.70843PV $1 factor 5 years0.620920.64993 The bonds will sell for:

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