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Mason Co. issued $360,000 of five-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of

Mason Co. issued $360,000 of five-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 10%.

Determine the present value of the bonds payable

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