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On September 30,2016 , the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on September

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On September 30,2016 , the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on September 30,2036 (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 30,2016

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