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Asay Corp. is planning on Issuing bonds with a face value of $300,000 and a coupon rate of 2%. The bonds mature in 10 years

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Asay Corp. is planning on Issuing bonds with a face value of $300,000 and a coupon rate of 2%. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year. Assume a 8% market interest rate. What is the issuanice price of the bonds on January 1 of this year? NOTE: Round your answer to the nearest whole dollar (Time Value of Money Tables PV of S1: PVA of S1) $227001 $177,688 $159,087 $93,819 $300,000

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