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Determine the present value of the bonds payable

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Reference no: EM132716706

Present Value of Bonds Payable; Premium Moss Co. issued $440,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%.

Problem 1: Determine the present value of the bonds payable

Reference no: EM132716706

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