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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

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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 2031(10 years) For bonds of similar risk and maturity, the market yleld is 12%. Interest is paid semiannually on June 30 and December 31 (EV OLSI. PV.01 $1. EVA of S1. PVA of S1, EVAD of $1 and PVAD of $1) (Use appropriate foctor(s) from the tables provided.) Required: Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars.) Pace of the bonds

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