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Tamarisk Inc manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction has decided to raise funds for the new

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Tamarisk Inc manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction has decided to raise funds for the new plant by issuing $3,155,200 of 10 os term corporate bonds on March 1, 2025, due on March 1, 2040, with interest payable each March 1 and September 1. At the time of issuance, the market interest rate for similar financial instruments is 8%. Clickhere to view factor tables As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal places, ez, 1.25124 and final anwer to 0 decimal ploces, es, 458,581) Selling price of the bonds s

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