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Sage Inc. issues $2,117,200 of 8% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of

Sage Inc. issues $2,117,200 of 8% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. view factor tables What amount will Sage receive when it issues the bonds?

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