Present value of bonds payable-determine the present value, Financial Management

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Present value of bonds payable-determine the present value

Present Value of Bonds Payable; Premium

Mason Co. issued $730,000 of five-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 4 and Exhibit 5. Round to the nearest dollar. $

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Financial Management: Present value of bonds payable-determine the present value

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Financial Management: Present value of bonds payable-determine the present value

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