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How do calculate amount that company will actually receive

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Problem 1: ABC, Inc., sells Rs. 100 ,000 general obligation bonds for 98. The interest rate on the bonds, paid quarterly, is 6 percent. Calculate the amount that the company will actually receive from the sale of the bonds.

Option 1: Rs. 980,000

Option 2: Rs. 890,000

Option 3: Rs. 100,000

Option 4: Rs. 1020,000

Reference no: EM132767211

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