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Oriole Company is about to issue $ 308,400 of 10-year bonds paying an 10% interest...

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Accounting

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Oriole Company is about to issue $ 308,400 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Oriole expect to receive for the sale of these bonds? (Round answer to O decimal places, e.g. 2,575.) Oriole can expect to receive $ 1

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