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The following information pertains to Camp Corp. ' s issuance of bonds on July 1 , 2 0 X 5 : Face amount Term Stated

The following information pertains to Camp Corp.'s issuance of bonds on July 1,20X5:
Face amount
Term
Stated interest rate
Interest payment dates
Yield
$800,000
10 years
6%
Annually on July 1
9%
At 6%
At 9%
Present value of 1 for 10 periods
Future value of 1 for 10 periods
1.791
2.367
Present value of ordinary annuity of 1 for 10 periods
6.418
What should be the issue price for each $1,000 bond?
$700
$864
$807
$1,000
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