Solved: What would you pay for a 135000 debenture bond that matures, Accounting Basics

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What would you pay for a 135000 debenture bond that matures

Question: What would you pay for a $135,000 debenture bond that matures in 15 years and pays $6,750 a year in interest if you wanted to earn a yield of: 3%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

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Accounting Basics: What would you pay for a 135000 debenture bond that matures

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Accounting Basics: What would you pay for a 135000 debenture bond that matures

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