A company issued $10\%,20-$year bonds with a face amount of $$110$ million. The market yield for bonds of similar risk and maturity is $6\%.$ Interest is paid semiannually. At what price did the bonds sell? Brief Exercise $14-4($Algo$)$ Determining the price of bonds $[$LO$14-2]$

A company issued $10\%,20-$year bonds with a face amount of $$110$ 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)$