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A company issued 4%,10-year bonds with a face amount of $78 million. The market yield for bonds of similar risk and maturity is 5%. Interest

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A company issued 4%,10-year bonds with a face amount of $78 million. The market yield for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price did the bonds sell? Note: Do not round intermediate calculations and round you final answer to nearest whole dollar. Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, EVA of \$1, PVA of $1, EVAD of \$1 and PVAD of \$1)

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