Calculate the amount that the company will actually receive

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Problem 1: Company sells Rs.2,000,000 general obligation bonds for 101. The interest rate on the bonds, paid quarterly, is 5 percent. Calculate the amount that the company will actually receive from the sale of the bonds

Option 1: Rs. 2,20,000

Option 2: Rs. 2,020,000

Option 3: Rs. 2,000,000

Option 4: Rs. 20,000

Reference no: EM132767168

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