Question: View Policies Current Attempt in Progress Gleason Enterprises issued 6%.8-year. $2,500,000 par value bonds that pay interest annually on April 1. The bonds are dated

View Policies Current Attempt in Progress Gleason Enterprises issued 6%.8-year. $2,500,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2022 and are issued on that date. The discount rate of interest for such bonds on April 1, 2022, is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What cash proceeds did Gleason receive from issuance of the bonds? (Round ansder to O decimal places, eg, 125.) Cash proceeds from issuance of the bonds

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