On December 31,2018,Gallager Corporation issued $200,000, 8%, 20-year bonds when the market rate of interests 12%. The bonds pay interest semi-annually each June 30 and December 31.

Identify the following info:

  1. Face Value
  2. Stated Rate of Interest
  3. Annual Stated Interest
  4. Semi-Annual Stated Interest

Part 2:

Compute the price of bonds.