When Patey Pontoons issued 10% bonds on January 1, 2016, with a face amount of $720,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2019 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2016. Table values are based on: E n Cash Flow Amount Present Value Interest Principal Price of bonds