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 \(\$ 262,000\) of 10-year bonds paying an \(11\%\) interest rate, with interest payable annually. The discount rate for such securities is \(12\%\).
Click here to view the factor table.
(For calculation purposes, use 5 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 0 decimal places, e.g.2,525.)
Oriole can expect to receive
Your answer is incorrect. Oriole Railroad Co . is

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