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Jan. 1, 2016, XYZ Inc. issued 12% bonds with a face value of $10 million...

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Accounting

Jan. 1, 2016, XYZ Inc. issued 12% bonds with a face value of $10 million dated Jan. 1. The bonds mature 5 years. Currently, the market rate for similar bonds is 10%. Interest is paid quarterly.

Calculate the :

1. PV of Interest

2. PV of Principal

3. PV of Bonds

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