Kirby railroad co is about to issue 300000 of 10-year bonds, Ask an Expert

Accounting

Kirby Railroad Co. is about to issue $300,000 of 10-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 8%.

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

Future Value of 1: 1.16640

Future Value of an Annuity of 1: 2.08000

Present Value of 1: .85734

Present Value of an Annuity of 1: 1.78326

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9944674

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