$52$

ABC Company will issue $$6,000,000$ in $6\%,10-$year bonds when the market rate of interest is $8\%.$ Interest is paid semiannually.

$1\mathrm{.}81$

Required:

Determine how much cash ABC Company will realize from the bond issue.

points

Note: Use tables, Excel, or a financial calculator. Round your intermediate calculations to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Answer is complete but not entirely correct.

Bond issue price

$

$6,000,019$