Solved: Wildhorse inc issues 2191400 of 8 bonds due in 14 years, Accounting Basics

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Wildhorse inc issues 2191400 of 8 bonds due in 14 years

Question - Wildhorse Inc. issues $2,191,400 of 8% bonds due in 14 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%.

PVF 14, 8% = 0.34046

PVF-OA 14, 8% = 8.24424

What amount will Wildhorse receive when it issues the bonds?

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Accounting Basics: Wildhorse inc issues 2191400 of 8 bonds due in 14 years

Reference No:- TGS02716553

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Accounting Basics: Wildhorse inc issues 2191400 of 8 bonds due in 14 years

Reference No:- TGS02716553

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