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QUESTION

Sheridan Company issues $25800000, 8%, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and...

ff3.5%4.0%7%8%Present value of a single sum for 5 periods0.84197

0.821930.712990.68058Present value of a single sum for 10 periods0.708920.675560.508350.46319Present value of an annuity for 5 periods4.515054.451824.100203.99271Present value of an annuity for 10 periods8.316618.110907.023586.71008

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