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On January 1, 2021, Waterway Industries sold $3,000,000 of its 6%, 10 year bonds. The bonds were sold at a price to yield 8%.
On January 1, 2021, Waterway Industries sold $3,000,000 of its 6%, 10 year bonds. The bonds were sold at a price to yield 8%. Interest is payable semiannually on January 1 and July 1. What price did Waterway sell the bonds at? O $3,000,000 $3,490,543 $2,509,457 $2,592,290
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