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A company issued 7 % , 1 0 - year bonds with a face amount of $ 8 4 million. The market yield for bonds

A company issued 7%,10-year bonds with a face amount of $84 million. The market yield for bonds of similar risk and maturity is 8%. 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, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Price of bonds
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