On January 1, 2024, Bishop Company issued 7% bonds dated January 1, 2024, with a face amount of $29 million. The bonds mature in 2034 (10 years). For bonds of similar risk and maturity, the market yield is 9%. Interest is paid semiannually on June 30 and December 31. Required: Determine the price of the bonds on January 1, 2024. Note: Use tables, Excel, or a financial calculator. Enter your answer in whole dollars. (FV of $1. PV of $1. EVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) Price of the bonds)