Q8

$800,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $747.968. The carrying value of the bond on 6/30/2021 is Multiple Choice $747.968 $751,360 None of the above $749.627