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How much can wildhorse expect to receive for sale of bonds

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Reference no: EM132752444

Wildhorse Co. is about to issue $488,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 10%.

Problem 1: How much can Wildhorse expect to receive for the sale of these bonds?

Reference no: EM132752444

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