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4 3 points The following information pertains to Camp Corp.'s issuance of bonds on July 1: Face amount Term Stated interest rate Interest payment dates
4 3 points The following information pertains to Camp Corp.'s issuance of bonds on July 1: Face amount Term Stated interest rate Interest payment dates Yield (discount rate) Issue costs $6000 10 years 6% Annually on July 1 9% $60 At 6% Present value of 1 for 10 periods 0.55839 Present value of ordinary annuity of 1 for 10 periods 7.36009 At 9% 0.42241 6.41766 How much did Camp Corp.receive as issue proceeds? (Round to the nearest whole dollar.) 4.845
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