Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued $62,300,000 of 10-year, 14% bonds at a market (effective) interest rate of 12%, receiving cash of $69,445,461. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Poquead. 5. Compute the price of $69,445,461 received for the bonds by using Present value at compound interest, and Present value of an annuity. Round to the nearest dollar. Your total may vary slightly from the price given due to rounding differences. Present value of the face amount Present value of the semiannual interest payments Price received for the bonds