Clancey inc issues 2155700 of 7 bonds due in 13 years with


Clancey Inc. issues $2,155,700 of 7% 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 Clancey receive when it issues the bonds?

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Financial Management: Clancey inc issues 2155700 of 7 bonds due in 13 years with
Reference No:- TGS01236591

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