Computing Bond Issue Price

Bushman, Inc., issues $250,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the bonds market rate is: a. 8% per year compounded semiannually. Round your answers to the nearest dollar.

Present value of principal repayment	Answer
Present value of interest payments	Answer
Selling price of bonds	Answer

b. 10% per year compounded semiannually. Round your answers to the nearest dollar.

Present value of principal repayment	Answer
Present value of interest payments	Answer
Selling price of bonds	Answer