Bond Issue Price} On December 31, 2018, Callahan Auto issued ($ 1,500,000) of (8 %, 10)-year bonds.
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Bond Issue Price}
On December 31, 2018, Callahan Auto issued \(\$ 1,500,000\) of \(8 \%, 10\)-year bonds. Interest is payable semiannually on June 30 and December 31.
\section*{Required:}
What is the issue price if the bonds are sold to yield \(6 \%\) ? (Note: Round to the nearest dollar.)
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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