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What amount will metlock receive when it issues the bonds

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Reference no: EM132322407

Question :

Metlock Inc. issues $2,095,300 of 8% bonds due in 11 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. Click here to view factor tables. What amount will Metlock receive when it issues the bonds?

Reference no: EM132322407

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