Wildhorse Enterprises issued 8%, 8-year, $3,250,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2025, and are issued on that date. The discount rate of interest for such bonds on April 1, 2025, is 10%. 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 O decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $
Wildhorse Enterprises issued 8%, 8-year, $3,250,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2025, and are issued on that date. The discount rate of interest for such bonds on April 1, 2025, is 10%. 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 O decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tr.26.
Transcribed Image Text:Wildhorse Enterprises issued 8%, 8-year, $3,250,000 par value bonds that pay interest
annually on April 1. The bonds are dated April 1, 2025, and are issued on that date. The
discount rate of interest for such bonds on April 1, 2025, is 10%.
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 O decimal places, e.g. 125.)
Cash proceeds from issuance of the bonds $
tA
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