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Crystal Co. sells $600,000 of bonds to private investors. The bonds are due in five years, have a 8% coupon rate and interest is paid

Crystal Co. sells $600,000 of bonds to private investors. The bonds are due in five years, have a 8% coupon rate and interest is paid semiannually. The bonds were sold to yield 10%. What proceeds does Crystal Co. receive from the investors?

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