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On January 1, 2019, New Company issued $400,000, 8-year, 9% bonds for $422,987. The interest payments of 9% are due on December 31. The market

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On January 1, 2019, New Company issued $400,000, 8-year, 9% bonds for $422,987. The interest payments of 9% are due on December 31. The market rate is 8%. What is the net book value of the bonds after the first interest payment is made on December 31, 2019? Choose the closest answer. O $425,148 O $422,987 O $400,000 O $364,000 $420,826

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