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Present Value of Bonds Payable; Premium Moss Co. issued $440,000 of four-year, 13 % bonds, with interest payable semiannually
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Variables C coupon payment $57,200.00 (Par Value Coupon Rate) n number of years 4 i market rate, or required yield 11.000 % 0

[1- 1.535 440000 0.0550 Bond Price 28600.00 1.535 440000 + 1.535 1 0.6516 Bond Price 28600.00 0.0550 0.3484 286703.50 Bond Pr

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