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Ivanhoe Company is about to issue $300,000 of 6 -year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such

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Ivanhoe Company is about to issue $300,000 of 6 -year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as disployed in the foctor table provided.) In this case, how much cin ivanhoe expect to receive from the sale of these bonds? (Round answer to 0 decimal ploces eg. 2,575.) Ivanhoe can expect to receive

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