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Blossom Company is about to issue $308,300 of 6-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities

Blossom Company is about to issue $308,300 of 6-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. In this case, how much can Blossom expect to receive from the sale of these bonds?

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