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Exercise 5-21 (Algo) Price of a bond [LO5-9, 5-10] On September 30,2024 , the Techno Corporation issued 8% stated rate bonds with a face amount

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Exercise 5-21 (Algo) Price of a bond [LO5-9, 5-10] On September 30,2024 , the Techno Corporation issued 8% stated rate bonds with a face amount of $120 million. The bonds mature on September 30,2044 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30 . Required: Determine the price of the bonds on September 30,2024. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount, not in millions. (FV of \$1, PV of \$1, EVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1)

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