On January 1, 2019, Kroger Corporation issued $10,000,000 of 8% bonds, due in five years with interest payable annually on December 31. The market yield rate is 9 percent. Calculate the present value (market value) of the bonds.
What will be an ideal response?
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A user can have several roles enabled at the same time. _________________________
Indicate whether the statement is true or false
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Fill in the blank(s) with the appropriate word(s).