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Marigold Limited issued $1,400,000 of 10 -year, 6% bonds on January 1,2024, when the market interest rate was 7%. Marigold received $1,300,519 when it isfued

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Marigold Limited issued $1,400,000 of 10 -year, 6% bonds on January 1,2024, when the market interest rate was 7%. Marigold received $1,300,519 when it isfued these bonds. Interest is payble semi-annually on July 1 and January 1 Marigold has a December 31 year end. Click here to view factor tables. (a) What is the bonds' present value (issue price) on January 1,2024? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, es. 0.23465, Round answers to 0 decimal places, es. 5.275.) Bonds' present value (issue price) on January 1.2024 $

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