Your answer is incorrect. Bramble Corporation issues $400,000 of 11% bonds that are due in 9 years and pay interest semi-annually. At the time of issue, the market rate for such bonds is 10%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the bonds' issue price by using (1) factor Tables A.2 and A.4, (2) a financial calculator, or (3) Excel function PV. (Hint: Refer to Chapter 3 for tips on calculating.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, e.g. 5,275.) Issue price of bond $ eTextbook and Media Save for Later Last saved 21 minutes ago. Saved work will be auto-submitted on the due date. Attempts: unlimited Submit Answer