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i Safari File Edit View History Bookmarks Develop Window Help *) 100% sun 1:15 PM Q E edugen.wileyplus.com wileyPLUS P Briet Exercise G-13 Dempsey Rallroad Co. Is A Can't Lose Weight? 8 Tricks to Instantly Lose Welght Weygandt, Financial & Managerial Accounting, 2e PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Brief Exercise G-14 52 PM Your answer is incorrect. Try again. Dempsey Railroad Co. is about to issue $304,000 of 6-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 996. (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 290139 Revie Review Results by Study Objective LINK TO TEXT hot Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER 26

Explanation / Answer

Calculate dempsey can expect to receive :

Selling price = (304000*4%*9.11858)+(304000*0.58966) = 290139

Dempsey can expect to receive = 290139

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