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Determining Bond Price On January 1, 2020, Arrow Inc. issued $100,000, 5% bonds due in 10 years. The bonds pay annual interest at the end

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Determining Bond Price On January 1, 2020, Arrow Inc. issued $100,000, 5% bonds due in 10 years. The bonds pay annual interest at the end of each year equal to 5% of face value. The current market interest rate for bonds with similar risk is 6%. Determine the selling price of the bonds. Round your answer to the nearest whole number. . Do not use a negative sign with your answer. $ 772,173

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