Sarasota Inc manufactures cycling equipment. Recently the vice president of operations of the compary has requested construction. of a new plant to meet the increasing demand for the compartys bilos After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuins $3.454,800 of 11% term corporate bonds on March1, 2020, dus on March 1. 2035. Withinter est payable each March 1 and September 1 with the first interest payment on September 15t.2020. At the time of issuance, the market interest rate for similar financialinstruments is 103s Gilck here to viow fiactor tables answer to 0 decimol ploces in 458.581 J Sellinuprice of the bonde 5