Exercise 5-22 (Algo) Price of a bond; interest expense [LO5-9,5-10] On June 30, 2024, Single Computers issued 9% stated rate bonds with a face amount of $200 million. The bonds mature on June 30 . 2039 (15 years) The matket rate of interest for simillar bond issues was 8%(4.0% semiatnual rate) Interest is paid semiannually (4.5\%) on June 30 and December 31 , beginning on December 31,2024 , Note: Use tables, Excel, or a finoncial calculator. (FV of \$1. PV of S1. EVA of S1. PVA of \$1. EVAD of \$1 and PVAD of \$1) Required: 1. Determine the price of the bonds on June 30, 2024. 2. Calculate the interest expense Single reports in 2024 for these bonds. using the effective interest method Complete this question by entering your answers in the tabs below. Determine the price of the bonds on June 30,2024 , Tote: Hound percentage answers to one detimal place. Round your final answers to nearest whole dollar amount, not in millions. On June 30, 2024, Single Computers issued 9% stated rate bonds with a face amount of $200 million. The bonds mature on June 30 , 2039 (15 years). The market rate of interest for similar bond issues was 8% ( 4.0% semiannual rate). Interest is paid semiannually (4.5\%). on June 30 and December 31 , beginning on December 31,2024 Note: Use tables, Excel, or a financial calculotor. (EV of \$1. PV of \$1, FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of Si) Required: 1. Determine the price of the bonds on June 30,2024 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Calculate the interest expense 5 ingle reports in 2024 for these bonds using the effective interest method. Note: Enter all the yalues as positive value, Round your final answers to nearest whole dolfar amount, not in militions