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WhisperingCorporation issues $520,000of9% bonds, due in10years, with interest payable semiannually. At the time of issue, the market rate for such bonds is10%. Click here to
WhisperingCorporation issues $520,000of9% bonds, due in10years, with interest payable semiannually. At the time of issue, the market rate for such bonds is10%.
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Compute the issue price of the bonds.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.)
Issue price of the bonds$
enter the issue price of the bonds rounded to 0 decimal places
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