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On January 2017, BobCat Inc. issued $300,000 seven year bond with 8% stated interest paid semiannually. Effective interest rate was 7%. What is the present

On January 2017, BobCat Inc. issued $300,000 seven year bond with 8% stated interest paid semiannually. Effective interest rate was 7%. What is the present value of the bond principle that BobCat will pay at the end of the seven year term?

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