Assuming the market interest rate on the issue date

Reference no: EM13189236

On January 1, 2012, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

Assuming the market interest rate on the issue date is 5%, the bonds will issue at $562,757.

Reference no: EM13189236

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