On January 1, Year 1, Aikman Co. authorizes and issues $300,000, 5% interest-bearing bonds. The bonds mature December 31, Year 5, and pay interest semiannually on June 30 and December 31.

Compute the selling price of the bonds under three different market rate assumptions.

On January 1, Year 1, Aikman Co. authorizes and issues $300,000, 5% interest-bearing bonds. The bonds mature December 31, Year 5, and pay interest semiannually on June 30 and December 31.

Compute the selling price of the bonds under three different market rate assumptions.

5%: $300,000; 6%: $287,205; 4%: $313,474

5%: $300,000; 6%: $351,181; 4%: $380,843

5%: $300,000; 6%: $222,719; 4%: $263,501

5%: $300,000; 6%: $277,920; 4%: $324,333