Testbank Multiple Choice Question 1 Waterway Industries is issuing 59.2 million 12% bonds in a private placement on July 1, 2020. Each $1200 bond pays interest semiannually on December 31 and Mane 30 of each year. The bonds mature in ten years. At the time of issuance, the market interest rate for similar types of bonds was 8%. What is the expected selling price of the bonds? S11763200 O $13800000 $11700650 O $11669277. Click if you would like to show Work for this questioni Open Show Work