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Sunland Company is about to issue $340,000 of 8-year bonds paying an 9% interrest rate, with interest payable annually. The discount rate for such securities
Sunland Company is about to issue $340,000 of 8-year bonds paying an 9% interrest rate, with interest payable annually. The discount rate for such securities is 10%.
In this case, how much can sunland expect to receive from the sales of these bonds?
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