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Oriole Corp. issues bonds with a face value of $325 million that mature in 14 years. The bonds carry a 5.5% interest rate and are

image text in transcribed Oriole Corp. issues bonds with a face value of $325 million that mature in 14 years. The bonds carry a 5.5% interest rate and are sold at 95.309 to yield 6.0%. They pay interest semi-annually. (a1) * Your answer is incorrect. Calculate the proceeds on issuance of the bonds. Proceeds on issuance of the bonds $

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