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On September 30, 2021, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $260 million. The bonds mature on September

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On September 30, 2021, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $260 million. The bonds mature on September 30, 2041 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30. ((FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine the price of the bonds on September 30, 2021 (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Table values are based on: 5% Cash Flow Amount Present Value Interest 260,000,000 Principal $ Price of bonds

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