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On January 1 , 2 0 2 5 , Cullumber Co . issued five - year bonds with a face value of $ 5 1

On January 1,2025, Cullumber Co. issued five-year bonds with a face value of $510,000 and a stated interest rate of 10% payable semiannually on July 1 and January 1. The bonds were sold to yield 6%.
\table[[Present value table factors are:,0.74726],[Present value of 1 for 5 periods at 6%,0.62092],[Present value of 1 for 5 periods at 10%,0.74409],[Present value of 1 for 10 periods at 3%,0.61391],[Present value of 1 for 10 periods at 5%,4.21236],[Present value of an ordinary annuity of 1 for 5 periods at 6%,3.79079],[Present value of an ordinary annuity of 1 for 5 periods at 10%,8.53020],[Present value of an ordinary annuity of 1 for 10 periods at 3%,7.72173]]
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Calculate the issue price of the bonds. (Round factor values to 5 decimal places, e.g.1.25124 and final answer to 0 decimal places, e.g.458,582.)
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