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Crane Railroad Co . is about to issue $ 3 3 4 , 0 0 0 of 1 0 - year bonds paying an 1
Crane Railroad Co is about to issue $ of year bonds paying an interest rate, with interest payable annually. The discount rate for such securities is
Click here to view the factor table.
How much can Crane expect to receive for the sale of these bonds? For calculation purposes, use decimal places as displayed in the factor table provided. Round answer to O decimal places, eg
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