Question: Brief Exercise G-14 Your answer is incorrect. Try again Dempsey Railroad Co. is about to issue $400,000 of 10-year bonds paying an 11% interest rate,

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

Brief Exercise G-14 Your answer is incorrect. Try again Dempsey Railroad Co. is about to issue $400,000 of 10-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 10%. (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 O decimal places, e.g. 2,525.) Dempsey. can expect to receive 2,355,692 Click if you would like to Show Work for this question: Open Show Work

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