Question: Your answer is incorrect. Oriole Railroad Co . is about to issue ( $ 2 6 2 , 0 0 0 )
Your answer is incorrect.
Oriole Railroad Co is about to issue $ of year bonds paying an interest rate, with interest payable annually. The discount rate for such securities is
Click here to view the factor table.
For calculation purposes, use decimal places as displayed in the factor table provided.
In this case, how much can Oriole expect to receive from the sale of these bonds? Round answer to decimal places, eg
Oriole can expect to receive
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