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Kingbird Inc. issues $2,099,400 of 11% bonds due in 10 years with interest payable at...

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Accounting

Kingbird Inc. issues $2,099,400 of 11% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Kingbird 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.)

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