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Brief Exercise G-14 Cullumber Company is about to issue $312,400 of 10-year bonds paying an 12% interest rate, with interest payable semiannually. The discount rate

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Brief Exercise G-14 Cullumber Company is about to issue $312,400 of 10-year bonds paying an 12% interest rate, with interest payable semiannually. 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 0 decimal places, e.g. 2,575.) Cullumber can expect to receive $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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