Question: Brief Exercise G-15 * Your answer is incorrect. Try again. Pharoah Company is about to issue $251,800 of 9-year bonds paying an 11% interest rate,

 Brief Exercise G-15 * Your answer is incorrect. Try again. Pharoah

Brief Exercise G-15 * Your answer is incorrect. Try again. Pharoah Company is about to issue $251,800 of 9-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. 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 Pharoah expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.) Pharoah can expect to receive 2996.14 Click if you would like to Show Work for this question: Open Show Work

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