Question: PLEASE USE THE EXACT NUMBERS IN THE QUESTION TO ANSWER THE PROBLEM On January 1 , Ruby Inc. issued 4,000 of $1,000 par value bonds

PLEASE USE THE EXACT NUMBERS IN THE QUESTION TO ANSWER THE PROBLEM

PLEASE USE THE EXACT NUMBERS IN THE QUESTION TO ANSWER THE PROBLEM

On January 1 , Ruby Inc. issued 4,000 of $1,000 par value bonds with a stated rate of 8% and a 6 -year maturity. Interest is payable semiannually on June 30 and December 31 . Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity Required: What is the issue price if the bonds are sold to yield 6% ? Round factors to five decimal places and final answer to the nearest dollar

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