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Coronado Industriesis about to issue $272,000of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%.

Coronado Industriesis about to issue $272,000of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. How much can Coronadoexpect to receive from the sale of these bonds?

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