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Bridgeport Inc. issues $23000000 of 7% bonds due in 10 years in with interest payable at year end the current market rate of interest for

Bridgeport Inc. issues $23000000 of 7% bonds due in 10 years in with interest payable at year end the current market rate of interest for bond of similar risk is 9%. What amount will Bridgeport receive when it issues the bonds

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