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idk if this is right Crane Railroad Co. is about to issue $334,000 of 8 -year bonds paying an 10% interest rate, with interest payable
idk if this is right
Crane Railroad Co. is about to issue $334,000 of 8 -year bonds paying an 10% interest rate, with interest payable annually. The discount rate for such securities is 8% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor toble provided.) How much can Crane expect to receive for the sale of these bonds? (Round answer to 0 decimal ploces, e.g. 2,525.) Crane can expect to receive Step by Step Solution
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