Question: Oriole Railroad Co . is about to issue $ 2 6 0 , 0 0 0 of 1 0 - year bonds paying an 1

Oriole Railroad Co. is about to issue $260,000 of 10-year bonds paying an 10% interest rate, with interest payable annually. The discount rate for such securities is 8%.
Click here to view the factor table.
How much can Oriole expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g.2,525.)
Present value of bonds
Oriole Railroad Co . is about to issue $ 2 6 0 ,

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