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Pina Inc. issues $3,600,000 of 7% bonds due in 14 years with interest payable at year end. The current market rate of interest for
Pina Inc. issues $3,600,000 of 7% bonds due in 14 years with interest payable at year end. The current market rate of interest for bonds of similar risk is 10%. Click here to view factor tables What amount will Pina receive when it issues the bonds? (For calculation purposes, uses decimal places as displayed in the factor table provided and final answer to O decimal places, eg. 458,581) Amount received by Pina when bonds were issued $
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