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Marigold Inc. issues $ 4 , 2 0 0 , 0 0 0 of 7 % bonds due in 1 0 years with interest payable
Marigold Inc. issues $ of bonds due in years with interest payable at yearend. The current market rate of interest for bonds of similar risk is
Click here to view factor tables.
What amount will Marigold receive when it issues the bonds? For calculation purposes, use decimal places as displayed in the factor table provided and final answer to decimal places, eg
Amount received by Marigold when bonds were issued
$
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