Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are: 
-The issue price of the bonds is
Definitions:
Express Authority
The clear, direct authority granted by a principal to an agent, specifically outlined in their agreement.
Actual Authority
An agent’s ability to affect the principal’s legal relations. Consent must be communicated to the agent.
Authorized Sale
A sale that is officially approved or permitted by the relevant authority or governing body, often following designated protocols or rules.
General Agents
Individuals authorized to perform a broad range of actions on behalf of another person or entity.
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