On October 1, 2020, Eastern Timber Inc. has available for issue $870,000 bonds due in four years. Interest at the rate of 7.00% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)
a. 8% Issue Price?
b. 7% Issue Price?
c. 6% Issue Price?
