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Waterhouse Company plans to issue bonds with a face value of $505,000 and a coupon...

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Accounting

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Waterhouse Company plans to issue bonds with a face value of $505,000 and a coupon rate of 8 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 51 . 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 6 percent

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