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  3. on september 30,2024, the techno corporation issue

On September 30,2024, the Techno Corporation issued 8% stated rate bonds with a face amount...

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Accounting

On September 30,2024, the Techno Corporation issued 8% stated rate bonds with a face amount of $120 million. The bonds mature
on September 30,2044(20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and
September 30.
Required:
Determine the price of the bonds on September 30,2024.
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount, not in millions. (FV of
$1. PV of $1, PVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Answer is complete but not entirely correct.
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