To determine the present value of a 12%, 10-year bond that pays interest semi-annually and is issued when the market rate of interest was 8%, one would need to use present value tables at 6% and 20 periods.

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The Answer of To determine the present value of a 12%, 10-year bond that pays interest semi-annually and is issued when the market rate of interest was 8%, one would need to use present value tables at 6% and 20 periods.

To Determine the Present Value of a 12%, 10-Year Bond