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Mason Co. issued $190,000 of four-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of

Mason Co. issued $190,000 of four-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 4 and Exhibit 5. Round to the nearest dollar.

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