On January 1, 2025, Crane Co. issued five-year bonds with a face value of $530,000 and...

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On January 1, 2025, Crane Co. issued five-year bonds with a face value of $530,000 and a stated interest rate of 8% payable semiannually on July 1 and January 1. The bonds were sold to yield 6%. Present value table factors are: Present value of 1 for 5 periods at 6% 0.74726 Present value of 1 for 5 periods at 8% 0.68058 Present value of 1 for 10 periods at 3% 0.74409 Present value of 1 for 10 periods at 4% 0.67556 Present value of an ordinary annuity of 1 for 5 periods at 6% 4.21236 Present value of an ordinary annuity of 1 for 5 periods at 8% Present value of an ordinary annuity of 1 for 10 periods at 3% Present value of an ordinary annuity of 1 for 10 periods at 4% 3.99271 8.53020 8.11090 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 O decimal places, eg. 458,582) Issue price of bonds $ On January 1, 2025, Crane Co. issued five-year bonds with a face value of $530,000 and a stated interest rate of 8% payable semiannually on July 1 and January 1. The bonds were sold to yield 6%. Present value table factors are: Present value of 1 for 5 periods at 6% 0.74726 Present value of 1 for 5 periods at 8% 0.68058 Present value of 1 for 10 periods at 3% 0.74409 Present value of 1 for 10 periods at 4% 0.67556 Present value of an ordinary annuity of 1 for 5 periods at 6% 4.21236 Present value of an ordinary annuity of 1 for 5 periods at 8% Present value of an ordinary annuity of 1 for 10 periods at 3% Present value of an ordinary annuity of 1 for 10 periods at 4% 3.99271 8.53020 8.11090 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 O decimal places, eg. 458,582) Issue price of bonds $