(Answered) Question - on january 1 2018 2000000 of 12 10-year bonds

Accounting

Question - On January 1, 2018, $2,000,000 of 12%, 10-year bonds, dated 1/1/2018, were issued by YOUR company. Interest on the bonds is payable annually each December 31. On the issue date, the market rate of interest was 13%. What was the estimated issue price of these bonds on January 1, 2018? What the bond issue price will be if interest is paid semiannually?

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