Question: Ivanhoe Railroad Co . is about to issue $ 2 9 0 , 0 0 0 of 6 - year bonds paying an 1 2
IvanhoeRailroad Co is about to issue $ofyear bonds paying an interest rate, with interest payable annually. The discount rate for such securities is
Click here to view the factor table.
For calculation purposes, use decimal places as displayed in the factor table provided.
How much canIvanhoeexpect to receive for the sale of these bonds?Round answer to decimal places, eg
$enter a dollar amount rounded to decimal places
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