Current Attempt in Progress

Dempsey Railroad Co. is about to issue $272,000 of 10-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10%.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) I

n this case, how much can Dempsey expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)

Dempsey can expect to receive $_______________