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Agler Railroad Co. is about to issue $400,000 of 10-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such

Agler Railroad Co. is about to issue $400,000 of 10-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10%. How much can Agler expect to receive for the sale of these bonds

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