Question: brief exercise d Dempsey Railroad Co. is about to Issue $280,000 of 9-year bonds paying an 10% interest rate, with interest payable semiannually. The discount

brief exercise d

Dempsey Railroad Co. is about to Issue $280,000 of 9-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 6%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Dempsey expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2, 525.) Dempsey can expect to receive $ 147000

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