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answer is incorrect, please answer correctly. will leave a like thanks Your answer is incorrect. Pharoah Railroad Co. is about to issue $300,000 of 6-year
answer is incorrect, please answer correctly. will leave a like thanks
Your answer is incorrect. Pharoah Railroad Co. is about to issue $300,000 of 6-year bonds paying an 9% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Pharoah expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.) Pharoah can expect to receive $ 285720 Step by Step Solution
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