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JKL Company will issue $2,000,000 in 12%,10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. Required: Determine how much cash

image text in transcribed JKL Company will issue $2,000,000 in 12%,10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. Required: Determine how much cash JKL Company should realize from the bond issue. Note: Use tables, Excel, or a financial calculator. Round your intermediate calculations to the nearest whole dollar. ( of $1, PV of $1,FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 )

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