The current market rate of interest for bonds of similar
Question - Clancey Inc. issues $2,085,500 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 11%. What amount will Clancey receive when it issues the bonds?
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question - clancey inc issues 2085500 of 7 bonds due in 14 years with interest payable at year-end the current market
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