On July 1 , Somerset Inc. issued $200,000 of 10%, 10-year bonds when the market rate was 12%. The bonds paid interest semi-annually. Assuming the bonds sold at 58.55, what was the selling price of the bonds? Explain why the cash received from selling this bond is different from the $200,000 face value of the bond. Calculate selling price of bonds (Show your work) Explain why the cash received from selling this bond is different from the $200,000 face value of the bond