Durrent Attempt in Progress

On Jaruary $1,2023,$ GLR Corporation purchased a newly issued $$1,000\mathrm{.}000$ bond. The bond ratured on December $21,2005,$ and paid Interest at $6\%$ every June $30$ and December $31.$ The market interest rate was $8$K$.$ GLR$\text{'}$s fiscal rear end is October $31,$ and the company had the tintention and abtily to hold the bond untilits maturity date. The bond will be accounied uning the amortical cant model.

Click here to view Table A$\mathrm{.}2-$ PRISENT VALUE OF $1-($PRESENT VALUE OF A SNCIE SIMP$)$ Click here to view Iable AA $-$ PEESENT VMLUE OF AN ORDHARY ANNUITY OF $1$

$($a$)$

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Calculate the price paid for the bond using a financial calculator or $[$wel finctions. $($Foand anmen to $2$ decimd ploci, es $52\mathrm{.}75)$

PV $5$