CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 [ Your answer is incorrect.

Question

CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 [ Your answer is incorrect. Try again. Sheridan Company is about to issue $346,500 of 10-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided. How m places, e.g. 2,525.) uch can Sheridan expect to receive for the sale of these bonds? (Round answer to 0 decimal Sheridan can expect to receive $t LINK TO TEXT

Explanation / Answer

Calculate amount expect to receive for the sale of these bonds :

Issue price = (346500*5.5%*11.46992)+(346500*0.31180)

= 326627

so sheridan can expect to received = 326627

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