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 $290,000of6-year bonds paying an12% interest rate, with interest payable annually. The discount rate for such securities is10%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
How much canIvanhoeexpect to receive for the sale of these bonds?(Round answer to 0 decimal places, e.g.2,525.)
$enter a dollar amount rounded to 0 decimal places

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