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Kirby Railroad Co. is about to issue $317,000 of 8-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such
Kirby Railroad Co. is about to issue $317,000 of 8-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Kirby expect to receive for the sale of these bonds? __________
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