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Brief Exercise G-15 Crane Company is about to issue $342,600 of 7-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate
Brief Exercise G-15
Crane Company is about to issue $342,600 of 7-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12%.
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 Crane expect to receive from the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,575.)
Cranecan expect to receive
$enter a dollar amount to be recieved rounded to 0 decimal places
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