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Brief Exercise G-15 Oriole Company is about to issue $301,700 of 8-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate

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Brief Exercise G-15 Oriole Company is about to issue $301,700 of 8-year bonds paying an 11% interest rate, with interest payable semiannually. 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 o decimal places, e.g. 2,575.) Oriole can expect to receive Brief Exercise G-16 Cullumber Company receives a $69,800, 4-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 9%. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Cullumber? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $

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