0/1 Question 8 of 8

0/1 Question 8 of 8 Show Attempt History Current Attempt in Progress Your answer is incorrect. Grouper I nc- issues of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Grouper receive when it issues-thborids? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and fina' answer to O decimal places, elg. 458,581.) Amount received by Grouper when bonds:wereissued _ $ eTextbook and Media eTextbook Save for Later p Type here to search Assistance Used Attempts: nlimited Submit Answer