E10-7 (Algo) Computing the Price of a Bond Issued at a Discount LO10-4 National Motors Corporation is planning to issue bonds with a face value of $253,500 and a coupon rate of 5 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. (FV of \$1. PV of \$1, FVA of \$1, and PVA of \$1) Note: Use oppropriate factor(s) from the tables provided. Round your final onswer to whole dollars. Determine the issuance price of the bonds assuming an annual maket rate of interest of 7.5 percent