Question: The notes to the Assistance Ltd. Snancial statements reported the following data on December 31, Year 1 (end of the fiscal year) (Click the

The notes to the Assistance Ltd. Snancial statements reported the following data on December 31, Year 1 (end of the fiscal year) (Click the icon to view the financial statement data) Assistance amortizes bond discounts using the effective interest method and pays all interest amounts at December 31 Read the requirements Requirement 1. Assume the market interest rate is 6% on January 1 of year 1, the date the bonds are issued (Round your as to the rest whole dollar) a. Using the PV function in Excel, what is the issue price of the bonds The issue price of the bonds is

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