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Sunland Company is about to issue $286,000 of 10-year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities
Sunland Company is about to issue $286,000 of 10-year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 10%. How much can Sunland expect to receive for the sale of these bonds? Sunland can expect to receive $_______
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