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Dempsey Railroad Co. is about to issue $252,000 of 7-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such

Dempsey Railroad Co. is about to issue $252,000 of 7-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. 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?

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