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vanhoe Company is about to issue $300,000 of 6-year bonds paying an 11% interest rate,...

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Accounting

vanhoe Company is about to issue $300,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Ivanhoe expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)

Ivanhoe can expect to receive

$enter a dollar amount to be recieved rounded to 0 decimal places

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