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Blossom Inc. issues $2,011,300 of 10% bonds due in 12 years with interest payable at...

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Accounting

Blossom Inc. issues $2,011,300 of 10% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Click here to view factor tables What amount will Blossom receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Amount received by Blossom when bonds were issued $

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