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Cornerstone Exercise 9-43 (Appendix 9A) Bond Issue Price On January 1, 2021, Callahan Auto issued...

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Cornerstone Exercise 9-43 (Appendix 9A) Bond Issue Price On January 1, 2021, Callahan Auto issued $900,000 of 9%, 10-year bonds. Interest is payable semiannually on June 30 and December 31 Required: What is the issue price if the bonds are sold to yield 8%? Follow the format shown in Present Value tables as you complete the requirement If required, round your calculations and final answer to the nearest whole dollar

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