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*Your answer is incorrect. Teal Corporation issues $430,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue,
*Your answer is incorrect. Teal Corporation issues $430,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to O decimal places eg. 58,971) Issue price of the bonds $ 403206
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