Amold Corporation acquired $6,500,000 par value, 6%,5-year bonds on their date of issue, January 1 of the current year. The market rate at the time of issue was 10%, and interest is paid semiannually on June 30 and December 31 . Arnold will use the effective interest rate method to account for this investment. Arnold intends to hold the investment until the bonds mature, and has the ability to do so. Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table Read the requirements. Requirement a. Determine the purchase price of the investment in bonds. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round intermediary currency computations and your final answers to the nearest whole dollar.) The purchase price of the bonds is