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Dempsey Railroad Co. is about to issue $332,000 of 6-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such
Dempsey Railroad Co. is about to issue $332,000 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 decimal places, eg. 2,525.) Dempsey can expect to receive $
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