On December 31,2024,when the market interest rate is 10%,Bryant Realty issues $700,000 of 7.25%, 10-year...
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Accounting
On December 31,2024,when the market interest rate is 10%,Bryant Realty issues $700,000 of 7.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Round all currency amounts to the nearest whole dollar.)
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