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Present Value of Bonds. Payable; Premusm Moss Co. issued $220,000 of five-year, 17% bonds, whth interest payable semannually, at a market (effective) interest rate of

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Present Value of Bonds. Payable; Premusm Moss Co. issued $220,000 of five-year, 17% bonds, whth interest payable semannually, at a market (effective) interest rate of 12%. Determune the present yalue of the bonds payable, using the present value tables in Exhibit 5 and Exhbit 7. flound to the netafest dellaf

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