Question: Could you explain why d is the correct answer. Thank you. On January 1, Year 1, Lathrop Co. authorizes and issues $300,000,5% interestbearing bonds. The

Could you explain why d is the correct answer. Thank you.

On January 1, Year 1, Lathrop Co. authorizes and issues $300,000,5% interestbearing bonds. The bonds mature December 31, Year 5, and pay interest semiannually on June 30 and December 31. Compute the selling price of the bonds under three different market rate assumptions. Select one

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