Determining Bond Selling Price

Calculate the bond selling price for the three separate scenarios that follow.

a$.33M$ Corp. authorized and issued $$280,000,6\%,20-$year bonds payable on January $1.$ Calculate

the selling price of the bonds if the bonds pay cash interest semiannually on July $1$ and January $1,$

and the market rate of interest on similar bonds is $8\%.$

b$.33M$ Corp. authorized and issued $$700,000,7\%,10-$year bonds payable on January $1.$ Calculate

the selling price of the bonds if the bonds pay cash interest semiannually on July $1$ and January $1,$

and the market rate of interest on similar bonds is $6\%.$

c$.33$ M Corp. issued $$210,000,5\%,10-$year bonds payable on March $31$ of Year $1.$ The bonds were

authorized on January $1$ of Year $1.$ Calculate the selling price of the bonds $($including interest$)$ if the

bonds pay cash interest annually on January $1,$ and the market rate of interest on similar bonds is

$6\%.$

Note: Round answers to the nearest whole dollar.