Problem 6 On January 1, 20x1, White Water issues $600,000 of7% bonds, due in 10 years with interest payable semiannually onJune 30 and December 31 of each year. The market interest rate onthe issue On January \\( 1,20 \\times 1 \\), White Water issues \\( \\$ 600,000 \\) of \\( 7 \\% \\) bonds, due in 10 years with interest payable semiannually on June 30 and December 31 of each year. The market 2 answers