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I need assistance working through this question. Thanks Required information (The following information applies to the questions displayed be/ovv.j On January 1, 2019, Learned lnc,

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I need assistance working through this question. Thanks

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Required information (The following information applies to the questions displayed be/ovv.j On January 1, 2019, Learned lnc, issued $12 million face amount of 20-year, 10% stated rate bonds when market interest rates were 12%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2038 Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) Required: a. Calculate the proceeds (issue price) of Learned Inc.'s, bonds on January 1, 2019, assuming that the bonds were sold to provide a market rate of return to the investor. (Round PV factor to 4 decimal places. Enter your answers in dollars, rather than in millions of dollars.)

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