On July 1 , Somers Inc. issued $200,000 of 12%,10-year bonds when the market rate was 14%. The bonds paid interest semi-annually. A. Assuming the bonds sold at 64.55, what was the selling price of the bonds? B. Explain why the cash received from selling this bond is different from the $200,000 face value of the bond. Investors can earn a in other similar bonds so the bond sells at a