On January 1, 2025. Crane Co. issued ten-year bonds with a face amount of $3600000...
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On January 1, 2025. Crane Co. issued ten-year bonds with a face amount of $3600000 and a stated interest rate of 8% payable annually on January 1 The bonds were priced to yield 12%. Present value factors are as follows: Cash received from the sale of the bonds was $3456000. $3312000. $2786400. $3600000
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