x Your answer is incorrect. Try again On January 1, 2017 Lance Co, issued five-year bonds with a face value of $660,000 and a stated interest rate of 16% payable semiannually on July 1 and January 1. The bonds were sold to vield 10% Present value table factors are: Present value of 1 for 3 periods at 10% 0.75131 Present value of 1 for 3 periods at 16% 0.64060 Present value of 1 for 10 periods at 5% 0.61391 Present value of 1 for 6 periods at 8% 0.63017 Present value of an ordinary annuity of 1 for 3 periods at 10% 2.48685 Present value of an ordinary annuity of 1 for a periods at 16% 2.24589 Present value of an ordinary annuity of 1 for 10 periods at 5% 5.07569 Present value of an ordinary annuity of 1 for 6 periods at 894,62288 Calculate the issue price of the bonds. (Round factor values to decimal places. c. 1.25124 and final answer to o decimal places, 0.0458582.) Issue price of bonds 81238