On January 1, 2017, Kaizen Corporation issued a $400 million note that matures in 5 years. The note has a stated interest rate of 10 percent. When the note was issued, the market rate was 10 percent. The note pays interest twice per year, on June 30 and December 31. Use Table 9C.1, Table 9C.2.

On January 1, 2017, Kaizen Corporation issued a $400 million note that matures in 5 years. The note has a stated interest rate of 10 percent. When the note was issued, the market rate was 10 percent. The note pays interest twice per year, on June 30 and December 31. Use Table 9C.1, Table 9C.2. At what price was the note issued? (Round time value factor to 4 decimal places. Enter your answer in dollars not in millions and rounded to the nearest whole dollar.) Issue price