Discuss what amount was realized from the sale


A $2 millón School-bond issue being interest at the 15 percent pay le annually and maturing in 25 year was sold at a price which a 20 percent annual rate of return to the investors. The brokerage fee for handling the sale was 0.3 percent of the bond issue. Discuss what amount was realized from the sale to actually use school construction?

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Macroeconomics: Discuss what amount was realized from the sale
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