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Oriole Company is about to issue $115,000 of 10-year bonds that pay a 6.00% annual interest rate, with interest payable semi-annually. The market interest rate

Oriole Company is about to issue $115,000 of 10-year bonds that pay a 6.00% annual interest rate, with interest payable semi-annually. The market interest rate is 8%. How much can Oriole expect to receive for the sale of these bonds?

Expectation from sale of bonds :

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