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Brief Exercise 6-15 Shamrock 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 Shamrock 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 8% Click here to view factor tables What amount will Shamrock receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to o decimal places, e.g. 458,581.) Amount received by Shamrock when bonds were issued
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