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Sunland Companyis about to issue $450,000of10-year bonds paying an11% interest rate, with interest payable annually. The discount rate for such securities is13%. Click here to
Sunland Companyis about to issue $450,000of10-year bonds paying an11% interest rate, with interest payable annually. The discount rate for such securities is13%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
In this case, how much canSunlandexpect to receive from the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,575.)
enter a dollar amount to be recieved rounded to 0 decimal places
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