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Company TR issues $500,000 of 8%, 10-year bonds (interest paid annually) when the market rate of interest is 9%. What is the issue price of

Company TR issues $500,000 of 8%, 10-year bonds (interest paid annually) when the market rate of interest is 9%. What is the issue price of the bonds? Relevant table information for ten years: PV of $1 FV of $1 PV annuity FV annuity 8% 0.46319 2.15892 16.71008 14.48656 9% 0.42241 2.367366.41766 15.19293

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