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.)

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.) TABLE 2 Present Value of $1 PV=$1 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA =i1(1+i)n1