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Dempsey Railroad Co, is about to issue $334,000 of 9-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such

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Dempsey Railroad Co, is about to issue $334,000 of 9-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) In this case, how much can Dempsey expect to receive from the sale of these bonds? (Round answer to o decimal places, eg. 2,525) Dempsey can expect to receive $

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