Question: (Appendix 94) Bond Issue Price On January 1, Ruby Inc issued 3,000 of $1,000 pac value bonds with a stated rate of 8% and a

(Appendix 94) Bond Issue Price On January 1, Ruby Inc issued 3,000 of $1,000 pac value bonds with a stated rate of 8% and a 10-year matunty. Interest is payable semannually on June 30 and December 31. Use Future Value of a Sinole Amount Present Value of a Single Amount, Future Value of on Annuity and present Value of an Annury Required: What is the issue price the bonds are sold to yield 6% Round factors to five decimal places and final answer to the nearest dollar

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