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financial accounting Thompson Corporation is planning to issue $170,000, five-year, 6...

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Accounting

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Thompson Corporation is planning to issue $170,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31 . All of the bonds will be sold on July 1, year 1: they mature on June 30, year 6 . Use Table 9CC. Table 9C2. Required: Compute the issue (sale) price on July 1, year 1, if the yieid st (Round time value factor to 4 decimal places. Found the finat answers to the nearest dollar amount.)

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