On January 1, 2025, Crane Co. issued five-year bonds with a face value of $860,000 and a stated interest rate of 12% payable semiannually on July 1 and January 1. The bonds were sold to yield 10%. Present value table factors are: Present value of 1 for 5 periods at 10% Present value of 1 for 5 periods at 12% Present value of 1 for 10 periods at 5% Present value of 1 for 10 periods at 6% Present value of an ordinary annuity of 1 for 5 periods at 10% Present value of an ordinary annuity of 1 for 5 periods at 12% Present value of an ordinary annuity of 1 for 10 periods at 5% Present value of an ordinary annuity of 1 for 10 periods at 6% Click here to view factor tables 0.62092 Issue price of bonds $ 0.56743 0.61391 0.55839 3.79079 3.60478 7.72173 7.36009 Calculate the issue price of the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,582.)

On January 1, 2025, Crane Co. issued five-year bonds with a face value of $860,000 and a stated interest rate of 12% payable semiannually on July 1 and January 1 . The bonds were sold to yield 10% Click here to view factor tables Calculate the issue price of the bonds. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, es. 458,582) Issue price of bonds