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Business, 22.12.2020 06:20 taetae83

On June 30, 2019, Holman Construction issued 10-year bonds with a total face value of $2,500,000. When the 8% coupon rate bonds were issued, the market rate was 10%. Assuming that Holman pays interest every six months on December 31st and June 30th, what are the proceeds that Holman Construction received on the issue date, June 30, 2019? a. $2,188,444.74
b. $2,192,771.64
c. $2,500,000.00
d. $2,839,758.16

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