Question 13 of 13 +/2 View Policies Current Attempt in Progress Martiner Inc., manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request. the board of directors has decided to raise funds for the new plant by issuing $3,066,000 of 12% term corporate bonds on March 1.2020, due on March 1. 2035. with interest payable each March 1 and September 1, with the first interest payment on September 1st.2020. At the time of issuance, the market interest rate for similar financial instruments is 10% Click here to view factor tables As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal placer es 125124 and final answer to decimal places, s. 458.581.) Selling price of the bonds $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later