Question: Headland Corporation issues $ 5 7 0 , 0 0 0 of 9 % bonds, due in 9 years, with interest payable semiannually. At the

Headland Corporation issues $570,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the
market rate for such bonds is 10%.
Click here to view factor tables.
Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g.1.25124 and the final answer to 0
decimal places, e.g.58,971.)
Issue price of the bonds $
Headland Corporation issues $570,000 of 9% bonds, due in 9 years,

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