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Desmond corp purchased 10 1000 using the pv function in

Question - Desmond Corp. purchased 10, $1,000, 7% bonds of Geotherm Corporation when the market rate of interest was 6%. Interest is paid semiannually on the bonds, and the bonds will mature in eight years. Using the PV function in Excel, compute the price Desmond paid (the present value) on the bond investment.

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Accounting Basics: Desmond corp purchased 10 1000 using the pv function in

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