Part $4$ Price of a bond; interest expense $(2$ credits; $1$ credit each$)$

On June $30,2024,$ Single Computers issued $6\%$ stated rate bonds with a face amount of $$200$ million. The bonds mature on June $30,2039(15$ years$).$ The market rate of interest for similar bond issues was $5\%$

$(2\mathrm{.}5\%$ semiannual rate$).$ Interest is paid semiannually $(3\%)$ on June $30$ December $31,2024.$

Required: Determine the price of the bonds on June $30,2024.$

Calculate the interest expense Single reports in $2024$ for these bonds.