Roman Destinations issues bonds due in $15$ years with a stated interest rate of $4\%$ and a face value of $$480,000.$ Interest payments are made semi$-$annually. The market rate for this type of bond is $3\%$ Calculate the stue price of the bonds.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Multiple Choice

$$480,000$

$$537,637$

$$317,705$

$$429,764$