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18 Miyake Corporation issued seven-year, $400,000 bonds with a contractual interest rate of 8%, compounded semiannually. The market Interest rate demanded by investors is 10%.

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18 Miyake Corporation issued seven-year, $400,000 bonds with a contractual interest rate of 8%, compounded semiannually. The market Interest rate demanded by investors is 10%. Calculate the issuance price of the bond. Lori stion Select one: a. $202,040 b. $283, 117 O O C. $360,418 d. $316,702

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