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What proceeds does green leaf receive from investors

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Question - Green Leaf Corp. sells $300,000 of bonds to private investors. The bonds mature in five years, have a 6% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 4% (i.e., the discount rate or the required rate of return is 4%). What proceeds does Green Leaf receive from investors? Round to the nearest whole number.

Reference no: EM132791191

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