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Sunland Railroad Co. is about to issue $560,000 of 10-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such

Sunland Railroad Co. is about to issue $560,000 of 10-year bonds paying a 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10%.

In this case, how much can Sunland expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)

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