Crane Corp. issues bonds with a face value of $310 million that mature in 14...
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Crane Corp. issues bonds with a face value of $310 million that mature in 14 years. The bonds carry a 3.5% interest rate and are sold at 94.680 to yield 4.0%. They pay interest seml-annually. (a1) 2 Your answer is incorrect. Calculate the proceeds on issuance of the bonds. Proceeds on issuance of the bonds
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