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On January 1, 2021, Rare Bird Ltd. purchased 15% bonds dated January 1, 2021, with a face amount of $21 million. The bonds mature in

image text in transcribed On January 1, 2021, Rare Bird Ltd. purchased 15% bonds dated January 1, 2021, with a face amount of $21 million. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity, the market yield is 12% Interest is paid semiannually on June 30 and December 31. (EV of $1, PV of $1, EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars.) Price of the bonds

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