Question: help Your answer is incorrect. Oriole Railroad Co. is about to issue $260,000 of 8 -year bonds paying an 109 sinterest rate, with interest payable

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Your answer is incorrect. Oriole Railroad Co. is about to issue $260,000 of 8 -year bonds paying an 109 sinterest rate, with interest payable annually. 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 Oriole expect to receive for the sale of these bonds? (Round answer to 0 decimal places, eg. 2,525.) Oriole can expect to receive $

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