Question: Please help me solve the following problem. On January 1, 2020, Metlock Inc. issued $380,000 of 6-year, 4% bonds to yield a market interest rate

Please help me solve the following problem.

On January 1, 2020, Metlock Inc. issued $380,000 of 6-year, 4% bonds to yield a market interest rate of 5%. Interest is paid every quarter on January 1, April 1, July 1, and October 1. Metlock has a calendar year end. After recording the December 31, 2021 accrual for quarterly interest, and making the payment on January 1, 2022, all the bonds were redeemed at 101. (a) x Your answer is incorrect. Try again. Use Excel or a financial calculator to determine how much the company received from the sale of these bonds. The company received 312626

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