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Crane Company issued 9%, 6-year, $2,700,300 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1,2017,
Crane Company issued 9%, 6-year, $2,700,300 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1,2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 12%. Click here to view the factor table. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Crane receive from issuance of the bonds? (Round answer to O decimal places, eg. 125.) Cash proceeds from issuance of the bonds$
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