Question: Brief Exercise A-14 Your answer is incorrect. Try again. Dempsey Railroad Co. is about to issue $290,000 of 8-year bonds paying an 11% interest rate,

Brief Exercise A-14 Your answer is incorrect. Try again. Dempsey Railroad

Brief Exercise A-14 Your answer is incorrect. Try again. Dempsey Railroad Co. is about to issue $290,000 of 8-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 12% (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 0 decimal places, e.g. 2,525.) Dempsey can expect to receive

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