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On January 1, 2016, Arthur Cocp issued 400,51,000 tace value bonds with a stated fate of 6% interest is paid annusally and the term of

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On January 1, 2016, Arthur Cocp issued 400,51,000 tace value bonds with a stated fate of 6% interest is paid annusally and the term of the bonds is 10 years The market rate of interes was 4% on Janwary 1, 2016 Based on this information, what was the total bond issue price? Use the time value of money tables on your scratch paper packet. Round answers to whole dollars. Do not use the $ sign or decimal in the answer. Commas are ok

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