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Cullumber Company issued $744,000 of 7%, 7-year bonds on January 1, 2021. The bonds pay...

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Accounting

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Cullumber Company issued $744,000 of 7%, 7-year bonds on January 1, 2021. The bonds pay interest annually Click here to view the factor table. Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 Assuming the market interest rate on January 1, 2021, was 6%, calculate the bond's issue price. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to decimal places, eg. 1.575.) Bond issue prices

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