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Ivanhoe Company is about to issue $432,000 of 8 -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 $432,000 of 8 -year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. (For catculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Ivanhoe expect to recelve for the sale of these bonds? (Round answer to 0 decimal places, es. 2,575.) Ivanhoe can expect to receive

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