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PLEASE WRITE THE ANSWER AS INSTRUCTED!!! Dempsey Railroad Co. is about to issue $400,000 of 10-year bonds paying an 11% interest rate, with interest payable
PLEASE WRITE THE ANSWER AS INSTRUCTED!!!
Dempsey Railroad Co. is about to issue $400,000 of 10-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table 1. Table 2 Table 3 Table 4 How much can Dempsey expect to receive from the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.25471. Round answer to 0 decimal places, e.g. 2,525.) Dempsey can expect to receive $Step by Step Solution
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