On June $30,2024,$ Single Computers issued $8\%$ stated rate bonds with a face amount of $$100$ million. The bonds mature on June $30,2039(15$ years$).$ The market rate of interest for similar bond issues was $6\%(3\mathrm{.}0\%$ semiannual rate$).$ Interest is paid semiannually $(4\mathrm{.}0\%)$ on June $30$ and December $31,$ beginning on December $31,2024$

Note: Use tebles, Excel, or a finencial celculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Determine the price of the bonds on June $30,2024.$

Calculate the interest expense Single reports in $2024$ for these bonds using the effective interest method.

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Determine the price of the bonds on June $30,2024.$

Note: Round percentage answers to orie decimal plade. Round ycur final answers to nearest whole dollar amount, not in millions.