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Round to the nearest dollar Moss Co. issued $140,000 of four-year, 11% bonds, with interest payable semiannually, at a market ( effective) interest rate of

Round to the nearest dollar

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Moss Co. issued $140,000 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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