Amount clancey receive when it issues the bonds


Clancey Inc. issues $2,026,600 of 7% bonds due in 12 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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Accounting Basics: Amount clancey receive when it issues the bonds
Reference No:- TGS044643

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