Question: Makoto Enterprises will issue $5,000,000 in 10%, 10-year bonds when the market rate of interest is 12%. Interest is paid quarterly. Required: Determine how much

Makoto Enterprises will issue $5,000,000 in 10%, 10-year bonds when the market rate of interest is 12%. Interest is paid quarterly.

Required: Determine how much cash Makoto Enterprises will realize from the bond issue.

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