Question: please i need this answer soon as possible On January 1, 2021, Rare Bird Ltd. purchased 16% bonds dated January 1, 2021, with a face

please i need this answer soon as possible

On January 1, 2021, Rare Bird Ltd. purchased 16% bonds dated January 1, 2021, with a face amount of $20 million. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (EV of \$1, PV of \$1. EVA of \$1, PVA of \$1. FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars.)

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