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On January 2, 2019. Splish Corporation issued $2.050,000 of 10% bonds to yield 11% due December 31, 2028. Interest on the bonds is payable annually
On January 2, 2019. Splish Corporation issued $2.050,000 of 10% bonds to yield 11% due December 31, 2028. Interest on the bonds is payable annually each December 31. The bonds are callable at 101 (ie, at 101% of face amount), and on January 2 2022. Splish called $1.230,000 face amount of the bonds and retired them (a) Determine the price of the Splish bonds when issued on January 2, 2019. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to decimal places. es. 5,275) Price of the Splish bonds $
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