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Carla Vista Co. is about to issue $315,300 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such
Carla Vista Co. is about to issue $315,300 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 12%.
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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
How much can Carla Vista expect to receive for the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,525.)
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