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Haden Railroad Co. is about to issue $800,000 of 10-year bonds paying a 9% interest rate, with interest payable semianually. The discount rate for such

Haden Railroad Co. is about to issue $800,000 of 10-year bonds paying a 9% interest rate, with interest payable semianually. The discount rate for such securities is 10%. How much can Haden expect to receive for the sale of these bonds? (use the Present Value tables on pages D4-D10 in the text) (Show your calculations)

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