Business, 31.05.2020 00:01, t779

Present value of bonds payable; premium Moss Co. issued $42,000,000 of five-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 Exhibits 8 and 10. Round to the nearest dollar.

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Present value of bonds payable; premium Moss Co. issued $42,000,000 of five-year, 11% bonds, with in...