Question: Current Attempt in Progress Pharoah Company is about to issue $271,500 of 7-year bonds paying an 12% interest rate, with interest payable semiannually. The discount

Current Attempt in Progress Pharoah Company is about to issue $271,500

Current Attempt in Progress Pharoah Company is about to issue $271,500 of 7-year bonds paying an 12% 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.) How much can Pharoah expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.) Pharoah can expect to receive $

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