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On October 1, 2020, Dejour Energy Inc. Issued a $694,000, 8.5%, seven year bond. Interest is to be paid annually each October 1 Dejour

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On October 1, 2020, Dejour Energy Inc. Issued a $694,000, 8.5%, seven year bond. Interest is to be paid annually each October 1 Dejour Energy Inc. has a November 30 year-end. (Use TABLE 14A.1 and TABLE 14A.2). Note: Use table values for PV calculations. (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 10.0% on the date of the bond issue. (Do not round intermediate calculations. Round the final answers to the nearest whole doller.) Issue price of the bond

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