View Polls Current Attempt in Progress Kingbird Inc manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,054,300 of 12% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of Issuance, the market interest rate for similar financial instruments is 8% Click here to view factor tables As the controller of the company determine the selling price of the bonds (Round factor values to 5 decimal ploons, es 1.25124 and final answer to decimal places, s. 458.581) Selling price of the bonds $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later