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Grouper Inc. issues $1,700,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of

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Grouper Inc. issues $1,700,000 of 7% bonds due in 10 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 Grouper receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, es. 458,581. Amount received by Grouper when bonds were issued eTextbook and Media Last saved 1 second ago. Attempts: 2 of 3 used Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes

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