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On October 1, 2023, Dejour Energy Inc. issued a $685,000, 9.5%, seven-year bond. Interest is...

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Accounting

On October 1, 2023, Dejour Energy Inc. issued a $685,000, 9.5%, seven-year bond. Interest is to be paid annually each October 1. Dejour Energy Inc. has a November 30 year-end. (Use TABLE 14A.1 and TABLE 14A.2.). Note: Use table values for PV calculations. (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 10.0% on the date of the bond issue. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

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