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What cash proceeds did Oriole receive from issuance

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Reference no: EM133064880

Question - Oriole Enterprises issued 8%, 9-year, $2,790,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate for such bonds on April 1, 2022, is 10%. What cash proceeds did Oriole receive from issuance of the bonds?

Reference no: EM133064880

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