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Gimartin Corporation issued $650,000 of 16%,10 year bonds payable on January 1,2022 The market interest rate at the date of issuarce was 14%, and the

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Gimartin Corporation issued $650,000 of 16%,10 year bonds payable on January 1,2022 The market interest rate at the date of issuarce was 14%, and the bonds pay intereat semiannualy (on Juno 30 and Dectmber 31 ) Gimartin Comporation's year-end is June 30. Read the reovitements. 1. Using the PV function in Excel, calculate the iswue price of the bonds. (Round your answer to the noaresi whole dolar) The issue price of the bonds is

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