Chapter 6 HW Question 27 of 29 -/1 E Question 19 Accounting Multipart 0.25/1 Partially correct View Policies Current Attempt in Progress Question 20 Accounting Multipart 0.88/1 Partially correct Sarasota Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,478,400 of 11% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 10%. Question 21 Accounting Multipart 1/1 Correct Click here to view factor tables Question 22 Accounting Multipart 0.5 / 1 Partially correct As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, eg. 458,581.) Question 23 Accounting Dropdown 1/1 Correct Selling price of the bonds $ Question 24 Accounting Multipart 0.5/1 Partially correct e Textbook and Media Question 25 Accounting Multipart 0.5/1 Partially correct Save for Later Attempts: 0 of 3 used Submit Answer Question 26 Accounting Dropdown 1/1 Correct Viewing Question 27 Accounting Dropdown -/1 -/ Not started Question 28 Accounting Dropdown -/ -/1 Not started Question 29 Accounting Dropdown Not started