Question: A $ 3 comma 0 0 0 comma 0 0 0 issue of eight - year bonds redeemable at par offers 1 0 % coupons

A $3 comma 000 comma 000 issue of eight-year bonds redeemable at par offers 10% coupons payable annually. What is the issue price of the bonds to yield 8.1% compounded semi dash annually?

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