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Skysong Corporation issues $550,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such

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Skysong Corporation issues $550,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value foctor calculations to 5 decimal places, es. 1.25124 and the final answer to 0 decimal placeses. 58,971 ) Issue price of the bonds 5

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