Lunar, Inc, plans to issue $700,000 of 10% bonds that will pay interest semiannually and mat years. Assume that the effective interest rate is 12 percent per year compounded semiannually. Calculate the selling price of the bonds.
Round answer to the nearest whole number.

Answer rating: 100% (QA)

Chart Values are based on n 5 Years2 10 Half y... View the full answer