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Brief Exercise G-15 Blossom Company is about to issue $261,700 of 10-year bonds paying an 12% interest rate, with interest payable semiannually. The discount rate
Brief Exercise G-15
Blossom Company is about to issue $261,700 of 10-year bonds paying an 12% interest rate, with interest payable semiannually. 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 Blossom expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)
Blossom can expect to receive = ____________________ |
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