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How much will shirley receive when the bonds are issued

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Question - Shirley Company issued $2,000,000, 20 year, bonds on April 1st of 2017. The bonds are dated January 1, 2017. The bonds pay 8% interest. The market rate on April 1st is 8%

Required: How much will Shirley receive when the bonds are issued?

Reference no: EM131967044

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