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volue: 10.00 polnts On February 1, 2016, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $55 million. The bonds

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volue: 10.00 polnts On February 1, 2016, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $55 million. The bonds mature on January 31, 2020 (4 years). The market yield for bonds of similar risk and maturity was 8%. Interest is paid semiannually on July 31 and January 31, Barnwell Industries acquired $55,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31. (FV of $1. PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Juiy 3the market yec aa apropat fcEV of $1. pVe bons s

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