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On January 1, 2025, Ivanhoe Co. issued five-year bonds with a face value of $610,000 and a stated interest rate of 8% payable semiannually on

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On January 1, 2025, Ivanhoe Co. issued five-year bonds with a face value of $610,000 and a stated interest rate of 8% payable semiannually on July 1 and January 1 . The bonds were sold to yield 6%. Click here to view factor tables 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. Issue price of bonds $

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