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Sundown Railroad Company is about to issue $400,000 of 5-year bonds paying an 8% interest rate, with interest payable annually. The market rate for such
Sundown Railroad Company is about to issue $400,000 of 5-year bonds paying an 8% interest rate, with interest payable annually. The market rate for such securities is 10%. How much cash can Sundown expect to receive for the sale of these bonds? O A. $369,673 O B. $400,000 O C. $248,368 O D. $431,940
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