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Sampson Company issued $50,000,000 of 10-year, 9% bonds to finance its operations. Interest is payable...

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Accounting

Sampson Company issued $50,000,000 of 10-year, 9% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%. What is the present value? Round to the nearest whole number.

A. $50,000,000

B. $43,495,895

C. $35,560,270

D. $43,843,790

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