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On January 1, 2022 Paige Corporation issued $4,500,000, 10 year, 14% bonds. The bonds pay interest semi-annually. At the time of issuance the market
On January 1, 2022 Paige Corporation issued $4,500,000, 10 year, 14% bonds. The bonds pay interest semi-annually. At the time of issuance the market rate of interest is 10%. Calculate the issue price of the bond. (round to the nearest dollar). O $5,615,009 O $5,634,729 O $3,556,424 O $5,621,601 O $3.546.542
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