Question: A company issued 1 0 % , 1 5 - year bonds with a face amount of $ 1 0 0 million. The market yield

A company issued 10%,15-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. Use tables, Excel, or a financial calculator.(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
A company issued 10%,15-year bonds with a face amount of $100

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