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A company issued 7%, 10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%.

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A company issued 7%, 10-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%. Interest is pald semiannually. At what price did the bonds sell? (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAR of $1) (Enter your answers in whole dollars.) Price of bonds

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