Stinson Corporation issued $$520,000$ of $6\%,12-$year bonds payable on March $31,2022.$ The market interest rate at the date of issuance was $8\%,$ and the bonds pay interest semiannually. Stinson Corporation's year$-$end is March $31.$

Read the requirements.

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