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On January 1, 2021, Grouper Corporation issued $925,000, 7%, 5-year bonds dated January 1, 2021, to yield 8%. The bonds pay semi-annual interest on January

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On January 1, 2021, Grouper Corporation issued $925,000, 7%, 5-year bonds dated January 1, 2021, to yield 8%. The bonds pay semi-annual interest on January 1 and July 1. The company has a December 31 year end. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Calculate the selling price of the bond. (Round answer to the nearest thousand dollar, es $1,000.) Selling price of the bond $

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