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Grouper Inc issues $3,300,000 of 7% bonds due in 10 years with interest payabie at...

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Accounting

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Grouper Inc issues $3,300,000 of 7% bonds due in 10 years with interest payabie 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 Grouper receive when it issues the bonds? (For calculation purposec, use 5 decimol places as displayed in the foctor table provided and final answer to 0 decimal places, es. 458,581.) Amount received by Grouper when bonds were issued

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