Problem 10-10A On July 1, 2014, Global Satellites Corporation issued $1,200,000 of 10-year, 7% bonds to yield a market interest rate of 5% and January 1. Global has a December 31 year end The bonds pay semi-annual interest on July 1 Click here to view the factor table Your answer is correct. Calculate the bonds' present value (issue price) on July 1. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to the nearest dollar, e.g. 5,275.) The bonds' present value (issue price) 1387069 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO RESOURCE LINK TO RESOURCE