View Policies Current Attempt in Progress Flounder Corporation issues $ 560,000 of 13% bonds that are due in 8 years and pay interest semi-annually. At the time of issue, the market rate for such bonds is 12%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the bonds'issue price by using (1) factor Tables A.2 and A.4, (2) a financial calculator, or (3) Excel function PV. (Hint: Refer to Chapter 3 for tips on calculating.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, e.g. 5,275.) Issue price of bond $