On January 1, 2024, Oriole Ltd. issued bonds with a maturity value of $6.90 million when the market rate of interest was 4%, The bonds have a coupon (contractual) interest rate of 5% and mature on January 1. 2034 . Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The compary's year end is December 31. Clickhere to view the factor tabhe. Prosent Value of 1 Click bere to view the factor table. Present Valueof an Annuity of 2 . (a) Calculate the issue price of the bonds. (For caiculation purfass ofe 5 decme osers ds diplayed in the foctor table provided. Round final answer to 0 decimal ploces eg. 5,275. Isstue price $PV=(1+i) n1PV=PMT(i1(1+i)6).