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Present value of bonds payable; premium Moss Co . issued $ 4 2 , 0 0 0 , 0 0 0 of 5 - year,

Present value of bonds payable; premium
Moss Co. issued $42,000,000 of 5-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%.
Determine the present value of the bonds payable using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.
fill in the blank 1 of 1$

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