Brislin Corporation is issuing $226,900 of 8%, 5-year bonds when - 14341

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Exercise 15-15

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Brislin Corporation is issuing $226,900 of 8%, 5-year bonds when potential bond investors want a return of 10%. Interest is payable semiannually.

Compute the market price (present value) of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. $12,520.)

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Exercise 15-15....