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How much can Sunland expect to receive from the sale of these bonds? (

How much can Sunland expect to receive from the sale of these bonds? (

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Urmila 

Sunland Company is about to issue $320,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table 1. Table 2 Table 3 Table 4 How much can Sunland expect to receive from the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.25471. Round answer to O decimal places, e.g. 2,525.) Sunland can expect to receive $
Transcribed Image Text:Sunland Company is about to issue $320,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table 1. Table 2 Table 3 Table 4 How much can Sunland expect to receive from the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.25471. Round answer to O decimal places, e.g. 2,525.) Sunland can expect to receive $
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