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Brief Exercise G-17 Pharoah Company issued 9%, 10-year $3,670,000 per value bonds that pay interest semiannually on October 1 and April 1. The bonds are
Brief Exercise G-17 Pharoah Company issued 9%, 10-year $3,670,000 per value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 12% Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What cash proceeds did Pharoah receive from Issuance of the bonds? (Round answer to decimal places 1.0.125.) Cash proceeds from Issuance of the bonds 162 cre -06. Click if you would like to show Work for this questi Open Show Work
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