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Computing Bond Issue Price Bushman, Inc., issues $500,000 of 9% bonds that pay interest semiannually...

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Computing Bond Issue Price Bushman, Inc., issues $500,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is: a. 8% per year compounded semiannually. Round your answers to the nearest dollar. Present value of principal repayment $ 22,500 x Present value of interest payments 305,775 X Selling price of bonds $ 533,975 $ b. 10% per year compounded semiannually. Round your answers to the nearest dollar. Present value of principal repayment $ 22,500 x Present value of interest payments $ 280,400 Selling price of bonds $ 468,850 x

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