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Dempsey railroad co is about to issue $480,000 of 7-year bonds paying an 11% interest...

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Accounting

Dempsey railroad co is about to issue $480,000 of 7-year bonds paying an 11% interest rate, with interest payable semiannually. the discount rate for such securities is 10%. how much can Dempsey expect to receive for the sale of these bonds

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