Oriole expect to receive from the sale of these bonds

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Reference no: EM131517065

Oriole Company is about to issue $281,800 of 9-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 8%.

(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.)

Reference no: EM131517065

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