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dempsey railroad co is about to issued $400000 of 10-year bonds paying an 11% interest rate, with interest payable semiannually. the discount rate for such

dempsey railroad co is about to issued $400000 of 10-year bonds paying an 11% interest rate, with interest payable semiannually. the discount rate for such securities is 12%.

how much can Dempsey expect to receive for the sale of these bonds

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