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  3. akers company sold bonds on july 1,20x1, with a fa

Akers Company sold bonds on July 1,20X1, with a face value of $100,000. These bonds...

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Accounting

Akers Company sold bonds on July 1,20X1, with a face value of $100,000. These bonds are due in 10 years. The stated annual interest rate is 6% per year, payable semiannually on June 30 and December 31. These bonds were sold to yield 8%. By July 1,20X2, the market yield on these bonds had risen to 10%. Use the following links to the present value tables to calculate answers. (PV of 1, PVAD of 1, and PVOA of 1)(Use the appropriate factor(s) from the tables provided. Round your final answers to the nearest whole dollar amount. Do not round intermediate calculations.)
Required:
What was the bonds' market price on July 1,20X2?
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