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How much can cullumber expect to receive from the sale

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Reference no: EM131700879

Question - Cullumber Company is about to issue $331,400 of 10-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 12%.

In this case, how much can Cullumber expect to receive from the sale of these bonds?

Reference no: EM131700879

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