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On January 1,2024, Blossom issued $6,300,000,10% bonds. Interest is payable semi-annually on June 30 and...

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Accounting

On January 1,2024, Blossom issued $6,300,000,10% bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on January 1,2034. The bonds are sold to yield 12%.
Click here to view factor table.
(a)
Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, e.g.2.55555 and final answer to 0 decimal places, e.g.25,000.)
Issue price of bond ,$
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