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Present Value of A form of an interest-bearing note used by corporations to borrow on...

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Accounting

Present Value of A form of an interest-bearing note used by corporations to borrow on a long-term basis.Bonds Payable; The excess of the issue price of a stock over its par value or the excess of the issue price of bonds over their face amount.Premium

Mason Co. issued $190,000 of five-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 10%.

Determine the present value of the bonds payable. Round to the nearest dollar. $.......?

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