Question: Stellar Corporation issues $ 5 3 0 , 0 0 0 of 9 % bonds, due in 1 0 years, with interest payable semiannually. At

Stellar Corporation issues $530,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%.
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Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, eg.1.25124 and the firial answer to 0 decimal places, es.58,971.)
Issue price of the bonds
Stellar Corporation issues $530,000 of 9% bonds, due in 10 years,

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