On January 1, 2008, Bleeker Co. issued eight-year bonds with a face value of $ 1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are:

-The issue price of the bonds is

Question

On January 1, 2008, Bleeker Co. issued eight-year bonds with a face value of $ 1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are:
 
-The issue price of the bonds is

Quizplus · Accepted Answer

$534,000 + $349,560 = $883,560