Firehouse inc issues 2000000 of 7 bonds due in 10 years

Reference no: EM13594222

Firehouse 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 a similar risk is 8%. What amount will Firhouse recieve when it issues the bonds?

Reference no: EM13594222

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