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What amount will Teal receive when it issues the bonds

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Question - Teal Inc. issues $2,110,100 of 11% bonds due in 13 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%.

What amount will Teal receive when it issues the bonds?

Amount received by Teal when bonds were issued?

Reference no: EM132489073

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