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when the market interest rate is 12%, Benson realty issues $300,000 of 9.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value

when the market interest rate is 12%, Benson realty issues $300,000 of 9.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance

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