On January 1, a company issues bonds dated January 1 with a par value of $390,000. The bonds mature in 3 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 10%. Using the present value factors below, the issue (selling) price of the bonds is:

On lanuary t a company sscaes bonds dated January 1 weh a par value of $390.000. The bonds inature in 3 years. The controct rate is 99 , arid interest is patd semiannially on June 70 and Decenter 3t. The maxket rate is 10N. Using the present value factors below, the issue (selling) price of the bonds is