Wildhorse Enterprises issued 10%, 9-year, $2,440,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022. and are issued on that date. The discount rate for such bonds on April 1, 2022, is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, eg. 125.) Cash proceeds from issuance of the bonds $ 2384441
Wildhorse Enterprises issued 10%, 9-year, $2,440,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022. and are issued on that date. The discount rate for such bonds on April 1, 2022, is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, eg. 125.) Cash proceeds from issuance of the bonds $ 2384441
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Wildhorse Enterprises issued 10%, 9-year, $2,440,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022.
and are issued on that date. The discount rate for such bonds on April 1, 2022, is 12%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.)
Cash proceeds from issuance of the bonds $
2384441
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