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Teal Inc. issues $2,110,100 of 11% bonds due in 13 years with interest payable at year-end. The current market rate of interest for bonds of

Teal Inc. issues $2,110,100 of 11% bonds due in 13 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. What amount will Teal receive whe...

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