Question: how the answer was calculated? You are given the following information relating to bonds that were issued by Regan Ltd. on December 31, 20xl: $979144

how the answer was calculated?

You are given the following information relating to bonds that were issued by Regan Ltd. on December 31, 20xl: $979144 Issue price of bonds, December 31,20x1 Semi-annual coupon payment (June 30 and December 31) Yield-to-maturity $27922 8.7% What would be the balance of the Bonds Payable account at December 31,20x2, before the December 31 coupon payment has been made? Select one: a. $964473 X b. $993815 c. $1036408 d. $921880 Your answer is incorrect. The correct answer is: $993815

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