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Blue Inc. issues $2.400,000 of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of
Blue Inc. issues $2.400,000 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 11%. Click here to view factor tables What amount will Blue recelve when it issues the bonds? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to O decimal places, e.g. 458,581.) Amount received by Blue when bonds were issued $
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