Testbank Exercise 144 On January 1, 2020 Blossom Co. issued five-year bonds with a face value of $500,000 and a stated interest rate of 8% payable semiannually on July 1 and January 1. The bonds were sold to yield 6%. Present value table factors are: Present value of 1 for 5 periods at 6% Present value of 1 for 5 periods at 8% Present value of 1 for 10 periods at 3% Present value of 1 for 10 periods at 4% Present value of an ordinary annuity of 1 for 5 periods at 6% Present value of an ordinary annuity of 1 for 5 periods at 8% Present value of an ordinary annuity of 1 for 10 periods at 3% Present value of an ordinary annuity of 1 for 10 periods at 4% 0.74726 0.68058 0.74409 0.67556 4.21236 3.99271 8.53020 8.11090 Click here to view factor tables Calculate the issue price of the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,582.) Issue price of bonds Click if you would like to Show Work for this question: Open Show Work