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Present value of bonds payable; premium Moss Co . issued $ 3 7 0 , 0 0 0 of four - year, 1 1 %

Present value of bonds payable; premium
Moss Co. issued $370,000 of four-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%.
Determine the present value of the bonds payable using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.

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