Computing Bond Issue Price

Need answers to blank spots. Thanks!

QUESTION 1 Partially correct Mark 0.33 out of 1.00 Flag question Computing Bond Issue Price Bushman, Inc., issues $400,000 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. 6% per year compounded semiannually. (Use a calculator or Excel for your calculations. Round your answers to the nearest dollar.) Present value of principal repayment $ Present value of interest payments $ 267,794 Selling price of bonds b. 8% per year compounded semiannually. (Use a calculator or Excel for your calculations. Round your answers to the nearest dollar.) Present value of principal repayment $ Present value of interest payments $ 244,626 Selling price of bonds Check