A company issues bonds with a par value of $900,000 on their stated issue date.The bonds mature in 10 years and pays 10% annual interest in semiannual payments.On the issue date,the annual market rate for the bonds is 12%.What is the selling price of the bond?

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The Answer of A company issues bonds with a par value of $900,000 on their stated issue date.The bonds mature in 10 years and pays 10% annual interest in semiannual payments.On the issue date,the annual market rate for the bonds is 12%.What is the selling price of the bond?

A Company Issues Bonds with a Par Value of $900,000