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Find what amount will clancey receive when issues the bonds

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Reference no: EM132714228

Problem 1: Clancey Inc. issues $2,000,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. What amount will Clancey receive when it issues the bonds?

Reference no: EM132714228

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