On the last day of its fiscal year ending December 31, 2016, the Boatright Ship Builde 6% stated rate bonds with a face amount of $20million. The b 2036 (20 years). The market rate of interest for similar bond issues was 8% (4% s rate) Interest is paid semiannually (3%) on June 30 and December 31, beginning or June 30 2017. Calculate the purchase price of the bonds. 18 points rs issued onds mature on December 31 emiannual