Question: Wildhorse Co. is about to issue $329,900 of 6-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 10%.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
How much can Wildhorse expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)
Wildhorse can expect to receive $
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