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On january 1, 2021. Teak inc issued $100,000 of 12% bonds, dated january 1. Interest is payable semiannually on June 30 and December 31 The
On january 1, 2021. Teak inc issued $100,000 of 12% 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 nisk and maturity is 14\%. What was the issue price of the bonds? (EV of S1. PV of S1. EVA of \$1, PVA of S1. EVAD of S1 and PVAD ot \$1) (Use appropriate factor(S) from the tables provided.) Mulbole Choice 589406 $94662 588.662 $57022
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