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Find how much company expect to receive from the sale

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Reference no: EM132767404

Problem 1: The company is about to issue $2,000,000 of 5 year 12% bonds. Interest will be paid semi-annually. The market interest rate for such securities is 10%. How much can the Company expect to receive from the sale (issuance) of these bonds?

Reference no: EM132767404

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