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If market rate of interest for the bonds is 10 on the date

Links Co. plans to issue 12%, 9-year $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2015 and are issued on that date. If market rate of interest for the bonds is 10% on the date of issue. What will be total cash proceeds from the bond issue? Present (maturity) value Interest annuity. (PV of $1, FV of $1, PVA of $1 and FVA of $1). Use appropriate factor(s) from tables

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Accounting Basics: If market rate of interest for the bonds is 10 on the date

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