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Brief Exercise 6-15 Clancey Inc. issues $2,013,700 of 7% bonds due in 11 years with interest payable at year-end. The current market rate of interest

Brief Exercise 6-15 Clancey Inc. issues $2,013,700 of 7% bonds due in 11 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. (Use the tables below.) What amount will Clancey receive when it issues the bonds?

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