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Current Attempt in Progress 1 Waterway Corporation issues $450,000 of 8% bonds, due in 9...

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Accounting

Current Attempt in Progress 1 Waterway Corporation issues $450,000 of 8% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to O decimal places eg. 58,971.) Issue price of the bonds $

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