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Windsor Inc. issues $2,050,700of7% bonds due in11years with interest payable at year-end. The current market rate of interest for bonds of similar risk is8%. Click

Windsor Inc. issues $2,050,700of7% bonds due in11years with interest payable at year-end. The current market rate of interest for bonds of similar risk is8%.

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What amount will Windsor receive when it issues the bonds?

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