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Oriole College is about to issue $1.01 million of 10 -year bonds that pay a 4% annual interest rate, with interest payable semi-annually. Click here

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Oriole College is about to issue $1.01 million of 10 -year bonds that pay a 4% annual interest rate, with interest payable semi-annually. Click here tovicw the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Calculate the issue price of these bonds if the market interest rate is 4%. (For calculation purposes, use 5 decimal places In the foctor table provided. Round final answer to 0 decimal places, e.g. 1,575) Price of the Bond $

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