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On September 30,2021 , the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $340 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 $340 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 . ((EV of \$1, PV of \$1, EVA 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.) IAnte I Future Value of $1 FV=51(1+nn IAB1L ? Present Value of $1 PV=a51 FVA=i(1+i)t1 IABI F 4 Present Value of an Ordinary Annuity of $1 FABtE 5 - Future Value of an Annuity Due of $1 FVAD=[i(1+i)n1](1+i) IE 6 Present Value of an Annuity Due of $1 PVAD=[i1(1+0)21](1+i)

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