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On January 2,2007, Yenn Corporation wishes to issue $3,000,000 per value of its 8%,12 year bonds. The bonds pay interest annually on January 1. The
On January 2,2007, Yenn Corporation wishes to issue $3,000,000 per value of its 8%,12 year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 10%.Compute the ammount that Yenn will realize from the sale (issuance) of the bonds.
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