Computing Bond Issue Price and Preparing an Amortization Table in Excel On December 31, 2015, Kaplan, Inc., issues $400,000 of 9% bonds that pay interest semiannually and mature in 10 years (December 31, 2025). a. Using the Excel PV worksheet function, compute the issue price assuming that the bonds' market rate is 8% per year compounded semiannually. (Refer to Appendix A for illustration.) Round answer to two decimal places. Issue price : $