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Digger Dog Corp issued $100,000 of 6%, 5-year bonds on 1/1/18 that pay interest semiannually on Jan 1 and July 1. The bonds are dated
Digger Dog Corp issued $100,000 of 6%, 5-year bonds on 1/1/18 that pay interest semiannually on Jan 1 and July 1. The bonds are dated 1/1/18 and the market rate of interest on the date of issuance is 10%. What is the price of the bonds?
Select one:
$77,919
$125,590
$84,556
$107,721
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