Exercise 6-18 Price of a bond; interest expense [LOs-91 On June 30, 2018, Singleton Computers issued 4% stated rate bonds with a face arnount of $300 million The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 3% (15% semiannual rate interest is paid semiannually (20%) on June 30 and December 31, beginning on December 31, 2018 (EOSI BO SLEVA SI A of$1, EV D SI and P AD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2018. ok 2 Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method Complete this question by entering your answers in the tabs below Required 1 Required 2 Determine the price of the bonds on June 30, 2018. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount,) values are based on: Interest Principal Price of bonds Required 2