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January 1, 2012 Xray Corp is issuing 250000 of 7% 4-year bonds with semiannual interest payments. Potential bond investors want a rate of 9% interest

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January 1, 2012 Xray Corp is issuing 250000 of 7% 4-year bonds with semiannual interest payments. Potential bond investors want a rate of 9% interest (market Rate). Compute the market price (present value) of the bonds and the "Closing Price % of Face". how all Calculations. PV factor, amounts used. the issuance of the Bonds with a proper explanation: Example from Securities section of news paper

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