Receiving cash under arrangement

Reference no: EM13123008

Brooks can borrow $500,000 by issuing 5%, 10-year bonds at a price of 96. How much will Brooks actually receive in cash under this arrangement?

Reference no: EM13123008

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Receiving cash under arrangement : Brooks can borrow $500,000 by issuing 5%, 10-year bonds at a price of 96. How much will Brooks actually receive in cash under this arrangement?

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