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Question
Motocar Co. produces and sells automobile parts. On the first day of its fiscal year, Motocar Co. issued of five-year, bonds at an effective interest rate of , with interest payable semiannually. Compute the following, presenting figures used in your computations.
The amount of cash proceeds from the sale of the bonds. (Use the tables of present values. Round to the nearest dollar.)
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Answered 10 months ago
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1 of 4In this exercise, we determine the amounts of cash proceeds from the sale of the bonds of Motocar Co.
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