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M10-5 (Algo) Computing the Price of a Bond Issued at a Discount LO10-4 Trew Company...

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M10-5 (Algo) Computing the Price of a Bond Issued at a Discount LO10-4 Trew Company plans to issue bonds with a face value of $902,500 and a coupon rate of 6 percent. The bonds will mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds are sold on January 1 of this year. (FV of \$1. PV of \$1, FVA of $1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round your final answer to nearest whole dollar. Determine the issuance price of the bonds assuming an annual market rate of interest of 7.5 percent

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