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5 On September 30, 2018, the San Filipo Corporation issued 8% stated rate bonds with a face amount of $340 million. The bonds mature on
5 On September 30, 2018, the San Filipo Corporation issued 8% stated rate bonds with a face amount of $340 million. The bonds mature on September 30, 2038 (20 years) The market rate of interest for similar bonds was 10% interest is paid semiannually on March 31 and September 30. (FV of $1, PV of S1, FVA of S1, PVA of S1, FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine the price of the bonds on September 30. 2018. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount) values are onn: 5% h Flow t Value Interest Principal Price of bonds
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