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Blossom Railroad Co. is about to issue $314,000 of 6-year bonds paying an 12% interest...

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Accounting

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Blossom Railroad Co. is about to issue $314,000 of 6-year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Blossom expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.) Blossom can expect to receive $

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