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Larkspur Inc. issues $2,100,000 of 7% bonds due in 10 years with interest payable at year end. The current market rate of interest for
Larkspur Inc. issues $2,100,000 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 9% Click here to view factor tables. What amount will Larkspur receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to O decimal places, eg. 458,581) Amount received by Larkspur when bonds were issued $
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