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Sunland Railroad Co, is about to issue $298,000 of 10 -year bonds paying an 12% interest rate, with interest payable annually. The discount rate for

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Sunland Railroad Co, is about to issue $298,000 of 10 -year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. How much can Sunland expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, es. 2,525.) Present value of bonds Attempts: 0 of 5 used

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