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Economics - Financial Markets
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OpenStudy (anonymous):
Elston company is about to issue $800,000 of 5 year bonds, with a stated rate interest of 10%, payable semiannually. The market rate for such securities is 12%. How much can Elston expect to receive for the sale of these bonds?
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OpenStudy (anonymous):
what do you think it may be?
OpenStudy (anonymous):
$741,119?
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