please solve this question, thanks Blossom Corporation is about to issue $ 1,260,000 of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Blossom expect to receive for the sale of thesebonds? X Your answer is incorrect.Calculate the proceeds from the sale of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor tableprovided. Round final answers to 2 decimal places, e.g. 5,275.25.)Click here to view the factor table PREŠENT VALUE OF 1.Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.Proceeds from the sale of the bonds1466026.25eTextbook and Media

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Blossom Corporation is about to issue $ 1,260,000 of 10-year bonds that pay a 6% annual interest rate, with interest payable semi- annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Blossom expect to receive for the sale of these bonds?

Blossom Corporation is about to issue $ 1,260,000 of 10-year bonds that pay a 6% annual interest rate, with interest payable semi- annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Blossom expect to receive for the sale of these bonds?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 2PB: Charleston Inc. issued $200,000 bonds with a stated rate of 10%. The bonds had a 10-year maturity...

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please solve this question, thanks

Blossom Corporation is about to issue $ 1,260,000 of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-
annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Blossom expect to receive for the sale of these
bonds?

X Your answer is incorrect.
Calculate the proceeds from the sale of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table
provided. Round final answers to 2 decimal places, e.g. 5,275.25.)
Click here to view the factor table PREŠENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.
Proceeds from the sale of the bonds
1466026.25
eTextbook and Media

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