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Sandhill Co. is about to issue $312,200 of 7-year bonds paying an 11% interest rate,...

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Accounting

Sandhill Co. is about to issue $312,200 of 7-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 8%.

How much can Sandhill expect to receive for the sale of these bonds

Sandhill can expect to recieve $

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