Scottie Adams Bird Supplies issued 13% bonds, dated January 1, with a face amount of $280,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: PV of annuity due of $1: n=20; /-5% is 12.15812 * PV of ordinary annuity of $1: n=20; =6% is 11.46992 **PV of $1 n=20; 7=6% is 0.31180 Multiple Choice 0 $295,057. O $22:22 o o $504,810