Question: Please show what formula or steps you used to solve. Thanks Brief Exercise D-14 Kirby Railroad Co. ?s about to issue $312,600 of 8-year bonds

Please show what formula or steps you used to solve. Thanks

Please show what formula or steps you used to solve. Thanks Brief

Brief Exercise D-14 Kirby Railroad Co. ?s about to issue $312,600 of 8-year bonds paying a 12% interest rate, with interest payable semiannually. The discount rate for such securities ?s l2%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) In this case, how much can Kirby expect to receive from the sale of these bonds? (Round answer to 2 decimal places, e.g. 25.25.) Kirby can expect to receive 502147.51

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