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Granville Company issued a $6,300,000 in 8%, 10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. (FV of $1, PV

Granville Company issued a $6,300,000 in 8%, 10-year bonds when the market rate of interest is 10%. Interest is paid semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required: Determine the issue price of Granville's the bond. (Round your final answer to nearest whole dollar.)

image text in transcribed Granville Company issued a $6,300,000 in 8%,10-year bonds when the market rate of interest is 10%. nterest is paid semiannually. (FV of $1,PV of $1,FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.) Required: Determine the issue price of Granville's the bond. (Round your final answer to nearest whole dollar.)

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