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Present Value of Bonds Payable; Premium Moss Co. issued $150,000 of five-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of

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Present Value of Bonds Payable; Premium Moss Co. issued $150,000 of five-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Present Value of Bonds Payable; Premium Moss Co. issued $150,000 of five-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%

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