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2. Whitestone Company issues S4 10,000, 9% bonds due in 11 years with interest payable annually. At the time of issue, the market rate for

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2. Whitestone Company issues S4 10,000, 9% bonds due in 11 years with interest payable annually. At the time of issue, the market rate for the bonds is 10%. Compute the issue price of the bonds. Assume the following- Table 6-2 Table 6-2 Table 6-4 n-11 n-11 n:11i-9% future values .46565 future value-.36578 future value-6.5432 future values 6.3232 i-9% present values .56344 present value. .34185 present values 7.18100 present value-7.16300 i-10% Table 6-4 ns]li-10%

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