On September 30, 2024, the Techno Corporation issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on September 30, 2044 (20 years). The market rate of interest for similar bonds was 10%. Interestis paid semiannually on March 31 and September 30.

Required:
Determine the price of the bonds on September 30, 2024.