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Carla Vista Corp. issues bonds with a face value of $400 million that mature in 14 years. The bonds carry a 3.0% interest rate and

image text in transcribed Carla Vista Corp. issues bonds with a face value of $400 million that mature in 14 years. The bonds carry a 3.0% interest rate and are sold at 94.503 to yield 3.5%. They pay interest semi-annually. (a1) Calculate the proceeds on issuance of the bonds. Proceeds on issuance of the bonds $

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