20 A firm has an issue of $10,000 par value bonds with a 10% stated...
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20 A firm has an issue of $10,000 par value bonds with a 10% stated interest rate outstanding. The issue pays interest annually and has 50 years remaining to its maturity date. If bonds of similar risk are currently earning 15%, the present value of the firm's bond is 775.28 \begin{tabular}{|l|l|} \hline A & True \\ \hline B & False \\ \hline \end{tabular}
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