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40) Scottie Adams Bird Supplies issued 15% bonds, dated January 1, with a face amount of $250,000 on January 1, 2024. The bonds mature in
40) Scottie Adams Bird Supplies issued 15\% bonds, dated January 1, with a face amount of $250,000 on January 1, 2024. The bonds mature in 2033 ( 10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31 . What is the price of the bonds on Jamuary 1, 20247. Some relevant and irrelevant present value factors: A) $236,141 B) 5291,210 C) 5263,243 D) $461,881
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