BDC Associates issued 3,200 of its $1,000,11%,5-year par value bonds. There are no bond issue costs. Interest is paid annually. The market rate on the date of issue was 14%. The market price of BDC common shares on the date that the bonds are issued is $80 per share. The bonds were sold with 32,000 warrants to acquire 32,000 shares of the company's $5 par value common stock for $70 per share. That is, each bond carries 10 warrants. BDC has existing bonds outstanding that trade without warrants at $890. There are other BDC warrants outstanding that trade for $70 each. 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 issue price of the 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 your final answers to the nearest whole dollar.) The issue price of the bonds =