On December 31, 2017, Honey Company issued $800,000 of 8% bonds. The market interest rate at the time of issuance was 7%. The bonds pay interest on June 30 and December 31 and mature in 20 years. Required: Compute the selling price of the bonds on December 31, 2017. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: SU X 5 ? On December 31, 2017, $920,000 of 8% bonds were issued. The market interest rate at the time of issuance was 7%. The bonds pay interest on June 30 and December 31 and mature in 12 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2017 Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. I Selling price of bonds: BX