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Moss Co. issued $101,000 of 10-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 8% Determine the present value of

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Moss Co. issued $101,000 of 10-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 8% Determine the present value of the bonds payable, using the present value tables in Exhibit 8 and Exhibit 10 Note: Round to the nearest dollar and

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