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Dempsey Railroad Co. is about to issue $250,000 of 6-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for
Dempsey Railroad Co. is about to issue $250,000 of 6-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Dempsey expect to receive from the sale of these bonds? (Round answer to O decimal places, eg. 2,525) Dempsey can expect to receive $
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