Hello,

I need help with the following question.

On January 1, Comcast issues $300,000 of 15-year, 10% bonds payable for $351,876, yielding an effective semiannual interest rate of 4%. Interest is payable semiannually on June 30 and December 31.

Question: Calculate the issue price of this bond.

Hello,

I need help with the following question. Please show you calculations with explanation.

On January 1, Comcast issues $300,000 of 15-year, 10% bonds payable for $351,876, yielding an effective semiannual interest rate of 4%. Interest is payable semiannually on June 30 and December 31.

Question: Calculate the issue price of this bond.