Sciamanna Corporation issued $$300,000$ of $16\%,10-$year bonds payable on January $1,2022.$ The market interest rate at the date of issuance was $14\%,$ and the bonds pay interest semiannually $($on June $30$ and December $31).$ Sciamanna Corporation's year$-$end is June $30.$

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Using the PV function in Excel, calculate the issue price of the bonds. $($Round your answer to the nearest whole dollar.$)$

The issue price of the bonds is