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Crane Company is about to issue $251,800 of 7-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Crane expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)
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