Question: Show Attempt History Current Attempt in Progress Your answer is incorrect. Crane Enterprises issued 9 % , 9 - year, $ 2 , 6 1
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Crane Enterprises issued year, $ bonds that pay interest annually on April The bonds are dated April and are issued on that date. The discount rate for such bonds on April is
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For calculation purposes, use decimal places as displayed in the factor table provided.
What cash proceeds did Crane receive from issuance of the bonds? Round answer to decimal places, eg
Cash proceeds from issuance of the bonds $
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