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Question 2 (of 17) Save &Exit Submit Time remaining: 3:34:39 GMAT Corporation is planning to...

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Question 2 (of 17) Save &Exit Submit Time remaining: 3:34:39 GMAT Corporation is planning to issue bonds with a face value of $257,000 and a coupon rate of 4 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Determine the issuance price of the bonds assuming an annual market rate of interest of 6.0 percent. (EV of si. PV of S1. FVA of S1, and PVA of $1) (Use the appropriate factorfs) from the tables provided. Round your final answer to whole dollars.) Issue price

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