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Wildhorse Co. is about to issue $346,800 of 6-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 10%.

How much can Wildhorse expect to receive for the sale of these bonds?

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Wildhorse Co. is about to issue $346,800 of 6-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 10%.
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