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Brief Exercise G-13 Wildhorse Co. is about to issue $488,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate
Brief Exercise G-13
Wildhorse Co. is about to issue $488,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 10%.
Need factor table
How much can Wildhorse expect to receive for the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,575.)
Wildhorsecan expect to receive $
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