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Metlock, Inc. issues $ 4 , 8 5 0 , 0 0 0 of 8 % bonds due in 5 years with interest payable at
Metlock, 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 the factor table.
What amount will Metlock 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
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