Business
Business, 15.12.2020 17:00, amazinga

Brooks Corporation issued $800,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated annual rate of 8 percent. If the market rate of annual interest at the time the bonds are sold is 6 percent, what will be the issue price of the bonds? If PV tables are used, select the closest answer from the options provided.)

a. $1,738,786
b. $ 809,145
c. $956,804
d. $921,878

answer
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Brooks Corporation issued $800,000 of 15-year bonds on January 1. The bonds pay interest on January...

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