Question 3 of 11 -14 View Policies Current Attempt in Progress Sheridan Corp. issues bonds with a face value of $390 million that mature in 14 years. The bonds carry a 4.0% interest rate and are sold at 94.848 to yield 4.5%. They pay interest semi-annually. (a1) Calculate the proceeds on issuance of the bonds. Proceeds on issuance of the bonds $ eTextbook and Media Assistance Used List of Accounts

Current Attempt in Progress Sheridan Corp. issues bonds with a face value of $390 million that mature in 14 years. The bonds carry a 4.0% interest rate and are sold at 94.848 to yield 4.5%. They pay interest semi-annually. (a1) Calculate the proceeds on issuance of the bonds. Proceeds on issuance of the bonds $