Question: X Your answer is incorrect.. Cullumber Railroad Co. is about to issue $286,000 of 9-year bonds paying an 12% interest rate, with interest payable

X Your answer is incorrect.. Cullumber Railroad Co. is about to issue

X Your answer is incorrect.. Cullumber Railroad Co. is about to issue $286,000 of 9-year bonds paying an 12% interest 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 Cullumber expect to receive for the sale of these bonds? (Round answer to O decimal places, e.g. 2,525) Cullumber can expect to receive $ 270761.21

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