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Question: brief exercise 145 part level submission on may 1 2017...

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Brief Exercise 14-5 (Part Level Submission) On May 1, 2017, Ayayai Corporation, a publicly listed corporation, issued $222,800 of five-year, 8% bonds, with interest payable semi-annually on November 1 and May 1. The bonds were issued to yield a market interest rate of 696. Ayayai uses the effective interest method. Click here to view the factor table, Calculate the present value (issue price) of the bonds on May 1 using time value of money tables, a financial calculator, and computer spreadsheet functions. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 1,251,24) Present value of the bonds SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor
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