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Posted on May 04, 2024

On January 1 , 2 0 2 3 , Malinois Inc. issued $ 1 0 0 , 0 0 0 of 6 % bonds,

On January $1, 2023,$ Malinois Inc. issued $ $100, 000$ of $6 %$ bonds, dated January $1 .$

Interest is payable semiannually on June $30$ and December $31 .$ The bonds mature in $10$

years. The annual market rate for bonds of similar risk and maturity is $8 % .$ What was

the issue price of the bonds?

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