What proceeds does receive from the investors

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Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate and interest is paid semiannually. The bonds were sold to yield 4%. What proceeds does Leahy receive from the investors? (HINT: it's the only possibly correct answer for the given values)

Reference no: EM13915362

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