On June $30,2024,$ Single Computers issued $4\%$ 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 $5\%(2\mathrm{.}5\%$ semiannual rate$).$ Interest is paid semiannually $(2\mathrm{.}0\%)$ on June $30$ and December $31,$ beginning on December $31,2024.$

Note: Use tables, Excel, or a financial calculator. $($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.

Complete this question by entering your answers in the tabs below.

Required $1$

Determine the price Required $2$

or trie Donds on June $30,2024.$

Note: Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount, not in millios.