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QUESTION 16 1. On January 1, Dallas Corp. issued $600,000, 12% APR, 5-year bonds with interest payable on July 1 and January 1. The market

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QUESTION 16 1. On January 1, Dallas Corp. issued $600,000, 12% APR, 5-year bonds with interest payable on July 1 and January 1. The market rate of interest was 10% APR. Determine the selling price of these bonds. (When using the PV tables, round your factors to 4 decimal places.) C $509,0 09

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