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How much can miley except to receive for sale of these bonds

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Question - Miley railroad co. is about to issue $300,000 of 10-year bond paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 10%. How much can Miley except to receive for the sale of these bonds? This is from financial accounting.

Reference no: EM132075892

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