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On December 31, 2018, when the market interest rate is 16%, McMann Realty issues $ 300 comma 000 of 14.25%, 10-year bonds payable. The bonds

On December 31, 2018, when the market interest rate is 16%, McMann Realty issues $ 300 comma 000 of 14.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance

The present value of the bonds at issuance amounts to $_______

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