Question: Mo's Motor Corp. issued $ 2 0 0 , 0 0 0 o f 4 . 0 % , 5 - year bonds o n

Mo's Motor Corp. issued $200,000of4.0%,5-year bonds on January 1,2024. Interest is payable semi-annually.
(a)
Calculate the issue price of these bonds and indicate if the bonds are selling at face value, a premium, or a discount, if the market
interest isas follows. (Round answers to2 decimal places, e.g.5,276.25.)
Bonds are selling at
b4.0%,$
c5.0%,$
Mo's Motor Corp. issued $ 2 0 0 , 0 0 0 o f 4 . 0

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