Kirby railroad co is about to issue 257000 of 8-year bonds

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Kirby Railroad Co. is about to issue $257,000 of 8-year bonds paying a 8% interest rate, with interest payable semiannually. The discount rate for such securities is 12%.How much can Kirby expect to receive for the sale of these bonds?

Reference no: EM13594058

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Kirby railroad co is about to issue 257000 of 8-year bonds : kirby railroad co. is about to issue 257000 of 8-year bonds paying a 8 interest rate with interest payable
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