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Pleass, I need answer. Thank you. Pronghorn Inc. manufactures cycling equipment Recently, the vice president of operations of the company has requested construction of a
Pleass, I need answer. Thank you.
Pronghorn Inc. manufactures cycling equipment Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $ 3,018,500 of 8% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1. with the first interest payment on September 1st, 2020. At the time of kssuance, the market interest rate for similar financial instruments is 6%, Click here to view factor tables As the controller of the company determine the selling price of the bonds. (Round factor values to 5 decimal places, eg, 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Selling price of the bonds $ 
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