On January 1, 2016, Trueman Corp. issued $600,000 of 20-year, 11% bonds for $554,860, yielding a market

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Question:

On January 1, 2016, Trueman Corp. issued $600,000 of 20-year, 11% bonds for $554,860, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31.

. Confirm the bond issue price.

- Present value of principal repayment

- Present value of interest payments

- Selling price of bonds