Campbell Inc. produces and sells outdoor equipment. On July 1, Year 1, Campbell issued $64,100,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $68,268,872. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

5. Compute the price of $68,268,872 received for the bonds by using Exhibit 5 and Exhibit 7. (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 semi-annual interest payments	$
Price received for the bonds	$