Question: On October 1, 2023, Eastern Timber Inc. has available for issue $740,000 bonds due in four years. Interest at the rate of 8.50% is to

On October 1, 2023, Eastern Timber Inc. has available for issue $740,000 bonds due in four years. Interest at the rate of 8.50% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Market Interest Rate a 9.5% b. 8.5% c. 7.5% Issue Price

On October 1,2023, Eastern Timber inc has avallable for issue \$ \\$ 740,000 \$ bonds due in four years interest at the rate of \850 is to be paid quarterly Calculate the issue price if the market interest rate is. (Do not round intermediate colculations. Round the finol answers to the neorest whole dollor.)

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