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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

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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 $ Cullumber Company issued $468,000 OF 10%, 7-year bonds on January 1, 2021. The bonds pay interest annually. Click here to view the factor table. Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 (a) Assuming the market interest rate on January 1 2021, was 9% calculate the bond's issue price. (For calculation purposes, use 5 decimal places as displayed in the factor table provided, Round answer to decimal places, eg 1,575) Bond Issue price $

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