Question: Please include work. Sunland Company is about to issue $309, 200 of 10-year bonds paying an 11% interest rate, with interest payable semiannually. The discount

Please include work. Sunland Company is about to issue $309, 200

Please include work.

Sunland Company is about to issue $309, 200 of 10-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. How much can Sunland expect to receive for the sale of these bonds

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