Brief Exercise $14-2($Algo$)$ Determining the price of bonds $[$LO$14-2]$

A company issued $6\%,10-$year bonds with a face amount of $$75$ million. The market yield for bonds of similar risk and maturity is $7\%.$ 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)$