Question: 3 . Round answer to the nearest dollar, if applicable.On January 1 of the current year, Banek Inc. issued $ 3 5 0 , 0

3. Round answer to the nearest dollar, if applicable.On January 1 of the current year, Banek Inc. issued $350,000 of 8%, nine-year bonds for $309,086 which implies a market (yield) rate of 10%. Semiannual interest is payable on June 30 and December 31 of each year.
a. Show computations to confirm the bond issue price.
4. Do not use negative signs with answers.

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