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Rowe Corporation authorized $6,500 of 8% (cash interest payable semiannually) 5-year bonds. The bonds were authorized January 1, 2022; interest dates are June 30

Rowe Corporation authorized $6,500 of 8% (cash interest payable semiannually) 5-year bonds. The bonds were authorized January 1, 2022; interest dates are June 30 and December 31, and yield 7.5%. Assume the bonds sold on February 1, 2022. What is the selling price of the bonds rounded to the nearest dollar?

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